Wednesday, April 16, 2008

Former Quebec premier Daniel Johnson appointed to Bank of Canada board

OTTAWA — The federal government has appointed former Quebec Liberal premier Daniel Johnson to the board of directors of the Bank of Canada.

The central bank's board is composed of 12 members, most outside directors from across the country with a responsibility of overseeing the bank's operations.

The board has no say in setting interest rates, which is the responsibility of the governing council that includes bank governor Mark Carney and the deputy governors.

Johnson, who served 17 years in the Quebec national assembly and was premier for nine months after winning the Liberal leadership in December 1993, is currently a lawyer in the Montreal office of McCarthy Tetrault.

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