"My time as governor has been the most fulfilling of my long career," he said in a statement Friday.
Sherry Cooper, chief economist at Dominion Lending Centres, said Poloz had big shoes to fill and has done well. Carolyn Wilkins, the senior deputy governor, is most often mentioned as a possible successor to Poloz, who has been strongly supportive of his second-in-command at the bank. Other possible successors include Jean Boivin, global head of research for the BlackRock Investment Institute and a former deputy governor of the Bank of Canada, and Paul Rochon, the deputy minister at the Finance Department.
Poloz surprised financial markets when he cut the bank's key interest rate in January 2015 by a quarter of a percentage point to 0.75 per cent in response to a sharp drop in oil prices. In an effort to improve communications, the Bank of Canada began last year having a member of its governing council give a public speech a day or so after interest rate announcements that do not also come with an accompanying monetary policy report.
Thank god he’s a political stooge for Trudeau
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