Canadians will be hearing a lot about — and from — Bank of Canada Governor Mark Carney in the next two weeks.
On Tuesday and Wednesday, the governor will be issuing a new forecast for the Canadian economy while — according to analysts — keeping interest rates super-low for another six weeks.
The bank’s policy rate has been at one per cent for over a year.
But it’s another event — one that is not taking place in public — that could make the biggest splash.
Leaders of the G20 group of nations are expected this week to privately settle on the 46-year-old Canadian central banker as the next head of the Swiss-based Financial Stability Board.
The announcement won’t come until the leaders meeting in France late next week, but sources say Carney is all but certain to get the job, barring any unforeseen veto.
The appointment to the FSB would place Carney at the forefront of international banking reform.