The Bank of Canada has appointed Marc-Andr e9 Gosselin and Nicolas Vincent as deputy governors on its rate-setting governing council, the central bank announced. Gosselin's appointment is effective May 25, 2026, while Vincent will assume his full-time deputy governor role on August 3, 2026.
In his new capacity, Gosselin will oversee the bank's work on domestic economic developments. He is a long-serving Bank of Canada official, having joined the institution in 1999. Since 2019 he has served as managing director of the Canadian Economic Analysis Department, where he led analysis of Canadian economic conditions and provided monetary policy advice. Prior to that role he served as deputy managing director of the Financial Stability Department.
Nicolas Vincent moves from an external deputy governor role - which he has held on the governing council since 2023 - to a full-time deputy governorship. As a full-time deputy governor he will direct the bank's analysis of international economic developments and serve as the Bank of Canada's deputy for G7 and G20 engagements.
Vincent's academic career includes joining HEC Montr e9al as an assistant professor in 2007 and later becoming a full professor in 2021. He holds a master b4s degree in economics from Queen's University and a PhD in economics from Northwestern University. His research has focused on areas including inflation, price dispersion, firm dynamics, inequality, house prices and household finance.
The appointments create an opening for an external deputy governor, and the Bank of Canada said it will start a recruitment process to fill that vacancy. Governor Tiff Macklem commented that Gosselin b4s breadth of experience across monetary policy and financial stability will be useful as Canada adjusts to a changing economic landscape. Macklem also noted that Vincent's grounding in both macroeconomics and microeconomics will be an asset as the bank navigates a complex economic environment.
The changes consolidate responsibilities for domestic and international economic analysis within the governing council. Gosselin's background centers on Canadian economic conditions and policy advice, while Vincent brings academic research and experience from his external deputy governor post into the bank's international remit and multilateral representation duties.
The bank's announcement left the timetable for the external recruitment unspecified beyond confirming the launch of the process. No other staffing changes were detailed in the statement.
Summary - The Bank of Canada has promoted Marc-Andr e9 Gosselin and Nicolas Vincent to deputy governor positions on its rate-setting council, with Gosselin responsible for domestic analysis beginning May 25, 2026 and Vincent overseeing international analysis and serving as G7 and G20 deputy from August 3, 2026. The bank will recruit to fill the now-open external deputy governor post.