UPDATE 3-Canada to name new central bank chief Thursday -market sources

Thu May 2, 2013 2:59pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Flaherty says announcement soon

* Market sources hearing announcement is Thursday afternoon

* Carney to host farewell party in Toronto Thursday evening

* Deputy Governor Tiff Macklem seen the most likely choice

OTTAWA, May 2 (Reuters) - The Canadian government will announce the name of the new Bank of Canada governor on Thursday afternoon, market sources said, and Finance Minister Jim Flaherty said the announcement would be "soon".

"We are hearing that the new Bank of Canada governor will be announced at about 4 p.m. ET (2000 GMT) today," Scotiabank wrote in a report.

A source from another major Canadian bank, who declined to be identified due to the sensitivity of the matter, told Reuters that traders had received word that the announcement would be made on Thursday afternoon, although the source of the information was unclear.

A third market source said outgoing Governor Mark Carney had invited some economists to an event from 6 p.m. to 8 p.m. (2200 to 0000 GMT) Thursday, ostensibly to say goodbye to Carney but also presumed to be designed to introduce the new governor, suggesting the appointment could be announced before then.

The farewell party is believed to be taking place in Toronto.   Continued...