The Bank of Canada has named a pair of deputy governors to its inner circle, as it weighs economic policy in challenging times.

Marc-André Gosselin and Nicolas Vincent will begin their appointments effective May 25 and Aug. 3, respectively.

Gosselin, who’s held various roles with the central bank since 1999, will join the Bank of Canada’s governing council, responsible for

monetary policy and financial stability. “(Gosselin’s) breadth of experience across both monetary policy and financial stability, and his deep modelling and analytical expertise will be an important asset to Governing Council as our country adjusts to a changing economic landscape,” Bank of Canada governor

Tiff Macklem said in a statement. Vincent has been a part of the governing council since 2023 as an external deputy governor, but will now take a full-time role. He is in charge of international economic developments and will serve as the Bank’s deputy in the G7 and G20.

The bank is now in the process of filling Vincent’s external deputy position.

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