Canada appoints governor's adviser as deputy

Timothy Lane will replace Sheryl Kennedy as deputy governor of the Bank of Canada, the central bank announced.

Lane, now an adviser to Mark Carney, the governor, has been at the central bank since August 2008.

Carney said the appointment was a recognition of the intellectual leadership that Lane had demonstrated during his career, and welcomed his international perspective which includes deep knowledge of emerging markets and global economic and macro-financial linkages.

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