Market Chatter: BlackRock, Bank of Nova Scotia Economists Among Frontrunners to Head Bank of Canada

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Market Chatter: BlackRock, Bank of Nova Scotia Economists Among Frontrunners to Head Bank of Canada

MT Newswires Live03:49

BlackRock (BLK) Investment Institute head Jean Boivin and The Bank of Nova Scotia (BNS) Chief Economist Jean-Francois Perrault are among the top contenders for the next governor of the Bank of Canada, Bloomberg reported Wednesday, citing its own survey of economists and other experts.

Current governor Tiff Macklem will reach the end of his seven-year term in June, according to the report.

The Bank of Canada's board is set to begin reviewing potential candidates soon, with the Canadian government approving the choice and the decision typically announced by the finance minister, the report said.

The Bank of Nova Scotia and BlackRock did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 1230.82, Change: +8.67, Percent Change: +0.71

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