http://www.bbc.co.uk/news/business-22392524
The Bank of Canada which is the equivalent to the United States US Federal Reserve has named a new governor Stephen Poloz. Poloz wasn't the expected choice most thought who would replace Mark Carney who is going to go run the Bank of England. Many thought that his senior deputy Tiff Macklem would be chosen, but Stephen Poloz is smart choice having for 25 years in Canadian public service and was the chief executive for Canada's export credit agency. Poloz and six other members make up the committee that decides on the monetary policy of the Bank of Canada. They use a method of general consensus rather than the Fed and Bank of England who vote and present reasons as to why certain measures should be taken. It will be interesting to see if this will have any effect on the Canadian economy, but I believe they will still get by just fine.
Generally a new head of a central bank makes big difference towards monetary policy but given that they make decisions through consensus in Canada, a new member wouldn't really make that much of a difference.
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