The Globe and Mail reports in its Tuesday, March 24, edition that two Bank of Canada deputy governors are leaving the central bank in the coming months. The Globe's Mark Rendell writes that deputy governor Rhys Mendes will depart on April 10, while deputy governor Sharon Kozicki will depart on July 15. Both are members of the BOC's seven-person governing council. Both Mr. Mendes and Ms. Kozicki have had long careers at the BOC, but were relatively recent additions to the governing council. Ms. Kozicki was appointed as a deputy governor in 2021, while Mr. Mendes was appointed in 2023. The bank said it will undertake "an internal recruitment process" to fill the positions. As deputy governor, Mr. Mendes oversaw the bank's analysis of international economic developments, and helped lead it at international meetings with the G7 and G20. Prior to that, he was assistant deputy minister for economic policy at the Department of Finance, and head of international analysis at the BOC. Deputy governor Rhys Mendes will depart on April 10, while deputy governor Sharon Kozicki will depart on July 15. "The bank has greatly benefited from Rhys's leadership and expertise on the global stage," said Governor Tiff Macklem.