Canadian Central bank's new governor brings export expertise

(Globe and Mail, Ottawa, 2 May 2013) The Harper government has reached outside the Bank of Canada to choose its next governor, selecting an expert in trade and exports as the country’s new top economic steward. Stephen Poloz, the head of Canada’s export credit agency, was named the country’s lead central banker Thursday by Finance Minister Jim Flaherty, inheriting the job at a difficult time when the economy is losing momentum and interest rates are at historic lows. Mr. Poloz is well known to the Harper government: He and his team at Export Development Canada played a key role in the federal and Ontario governments’ $13-billion bailout of Chrysler and General Motors Corp. in 2008 and 2009.