Announcement posted on BOC website:
Cote was announced as a BOC deputy in June 2010. She was responsible for overseeing the financial system functions of the Bank.
Bank of Canada governors are traditionally in the background and Cote rarely made waves until the past year. Ahead of the March 4 decision -- where many expected a cut -- she said the decision would be based on the economy and that the earlier cut was 'insurance'. That's not much of a tip but in hindsight it was a signal that it wasn't going to be an easy call.
Her latest speech was in September when she said the current CAD level consistent with historical relationship with oil.
