Stephen Poloz

Stephen Poloz
Poloz in 2016
9th Governor of the Bank of Canada
Assumed office
June 3, 2013
Preceded by Mark Carney
President and CEO of Export Development Canada
In office
2010–2013
Appointed by Stephen Harper
Preceded by Mark Carney
Succeeded by Benoit Daignault
Personal details
Born 1956 (age 61–62)
Oshawa, Ontario, Canada
Spouse(s) Valarie Poloz
Alma mater
Signature

Stephen S. Poloz (born 1956[1]) is a Canadian banker and the ninth and current Governor of the Bank of Canada.[2] He is also a member of the board of directors for the Bank of International Settlements.[3]

In July 2017, Poloz raised the Bank of Canada's key interest rate to 0.75%, the first interest rate increase in Canada in seven years.[4]

Background

Poloz holds a Bachelor of Arts degree in economics from Queen's University and Master of Arts and Doctor of Philosophy degrees in economics from the University of Western Ontario. He is also a graduate of Columbia University's senior executive program and is a Certified International Trade Professional.[5] His doctoral thesis was on currency movements.[6]

Poloz is a third generation Ukrainian Canadian from Oshawa, Ontario.[7]

Career

From 1981 to 1994, Poloz was with the Bank of Canada before leaving as Chief of Research Department to become managing editor of BCA Research from 1994 to 1999. Poloz joined Export Development Canada agency in 1999 and became its President and CEO in 2010.[8] He has been a visiting scholar with "Economic Planning Agency" in Tokyo and at the International Monetary Fund in Washington, DC.[5]

Poloz attended the 62nd Bilderberg Annual Conference in Copenhagen, Denmark, in 2014, where one of the subjects being discussed was the situation in Ukraine.[9]

Poloz holds an honorary Certified International Trade Professional (CITP) designation from the Forum for International Trade Training.[10] He is a past president of the Ottawa Economics Association.[11]

Personal life

Poloz is married to Valerie Poloz and they have two children.[12]

References

  1. ↑ Daniszewski, Hank (February 24, 2015). "Bank of Canada Governor Stephen Poloz defends surprise interest rate cut". The London Free Press.
  2. ↑ Stephen Poloz appointed Governor of Bank of Canada, Bank of Canada press releases, May 2, 2013.
  3. ↑ "Board of Directors". Bis.org. 1 December 2015. Retrieved 2017-06-23.
  4. ↑ "Bank of Canada raises interest rate for 1st time in 7 years to 0.75%". CBC News.
  5. 1 2 Poloz biography, Parliament of Canada website; accessed June 9, 2017.
  6. ↑ Canada's new central-bank governor: After Carney, Economist.com, May 11, 2013.
  7. ↑ Dark clouds to greet Stephen Poloz's first day at his dream job (personal details about Stephen Poloz), Globe and Mail, May 4, 2013.
  8. ↑ Bujalska, Monika (December 1, 2010). "Appointment of New President and Chief Executive Officer of Export Development Canada". canada.ca (Press release). Government of Canada.
  9. ↑ Poloz profile, bilderbergmeetings.org; accessed June 9, 2017.
  10. ↑ "QBC Ottawa featuring Stephen Poloz". smith.queensu.ca. Retrieved April 5, 2016.
  11. ↑ "Stephen S. Poloz". www.bankofcanada.ca. Retrieved 23 June 2017.
  12. ↑ McMahon, Tamsin (May 2, 2013). "10 things you should know about the new Bank of Canada governor". Maclean's.
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