Bank of Canada Governor David Dodge will not seek second term

    OTTAWA, April 25 /CNW Telbec/ - Governor David Dodge has informed the
Bank of Canada's Board of Directors and the Minister of Finance that he will
not seek a second term as Governor.
    While Governor Dodge's term continues until 31 January 2008, he indicated
he is making his plans known well in advance to facilitate the selection and
appointment of his successor.
    The Board of Directors will shortly form a Special Committee comprised of
the independent directors whose mandate is to undertake a recruitment process
for the selection of a Governor. Governors of the Bank of Canada are appointed
by the independent directors, subject to the approval of the Minister of
Finance and the federal Cabinet. The selection process is expected to be
completed by the Fall.
    Mr. Dodge became Governor of the Bank of Canada in February 2001,
following many years in the federal public service, including positions as
Deputy Minister of Finance and Deputy Minister of Health.

For further information:

For further information: Jeremy Harrison, (613) 782-8782

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