Bank of Canada announces departure of two deputy governors

OTTAWA, March 23 (Reuters) - The Bank of Canada announced on Monday that two of its deputy governors will depart in the coming weeks and months, leaving its seven-member governing council short of two people.

"The Bank will undertake an internal recruitment process to fill these positions," the BoC said.

Deputy Governor Rhys Mendes will leave his post on April 10 to relocate to Toronto with his family and Deputy Governor Sharon Kozicki will retire on July 15, the central bank said in a statement. Mendes was appointed deputy governor in 2023, while Kozicki became the deputy governor in 2021.