Bank of Canada deputy governor Longworth to retire - News

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CNBC ON DIGG

Bank of Canada deputy governor Longworth to retire

By: AFX | 12 Nov 2009 | 02:17 PM ET

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OTTAWA, Nov 12 (Reuters) - Bank of Canada Deputy Governor David Longworth is retiring after a 35-year career at the institution, the bank said on Thursday, leaving two vacancies on the committee that sets the benchmark interest rate. Longworth's announcement comes two weeks after Senior Deputy Governor Paul Jenkins, the bank's No. 2 policy maker, said he would step down when his term ends in April 2010. Longworth, who has been deputy governor since April 2003, will retire on March 31, 2010. The Bank of Canada's seven-member governing council, responsible for setting monetary policy, consists of Governor Mark Carney, Jenkins, Longworth and three other deputy governors -- Pierre Duguay, John Murray and Timothy Lane. (Reporting by Louise Egan; editing by Janet Guttsman) Keywords: CANADA BANKOFCANADA/ (louise.egan@thomsonreuters.com; +1 613 235-6745; Reuters Messaging: louise.egan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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