Canadian Bankers Association Welcomes Stephen Poloz as New Bank of Canada Governor

TORONTO, ONTARIO--(Marketwired - May 2, 2013) - Today the Canadian Bankers Association (CBA) welcomed the announcement of Stephen Poloz as Governor of the Bank of Canada.

"We congratulate Stephen Poloz on his appointment as Governor of the Bank of Canada," said Terry Campbell, President of the Canadian Bankers Association. "The Governor of the Bank of Canada has always had a strong working relationship with Canada's banks, something that is crucial to a well-functioning banking system. We look forward to continuing that long-standing relationship with Mr. Poloz."

The CBA would also like to extend its best wishes to Mark Carney as he prepares for his new role as the Bank of England Governor. "Mark Carney is widely recognized and respected for his financial expertise and he has played a key leadership role in Canada and internationally throughout the recent global economic crisis and beyond," said Mr. Campbell.

About the Canadian Bankers Association

The Canadian Bankers Association works on behalf of 55 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 275,000 employees. The CBA advocates for effective public policies that contribute to a sound, successful banking system that benefits Canadians and Canada's economy. The Association also promotes financial literacy to help Canadians make informed financial decisions and works with banks and law enforcement to help protect customers against financial crime and promote fraud awareness. www.cba.ca.

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