Timothy D. Lane Appointed Deputy Governor
The Board of Directors of the Bank of Canada announced the appointment of Timothy D. Lane (1983 Western Ph.D. Economics graduate) as Deputy Governor and member of the Governing Council of the Bank, effective 18 February, 2009. Mr. Lane joined the Bank as Adviser to the Governor in August 2008.
Previously, Mr. Lane held positions with the IMF, including Senior Advisor in the Research Department (2006-2008) and has taught at the University of Iowa and Michigan State University. According to the Bank of Canada, "Mr. Lane brings a breadth of recognized policy, economics and management credentials and extensive international experience to the Bank’s decision-making processes."