<P> The Governor of the Bank of Canada is chief executive officer and the chairman of the board of directors of the Bank of Canada ; the incumbent governor is Stephen S. Poloz , who assumed the office on June 3 , 2013 . Poloz was formerly the head of Export Development Canada . The Governor and Deputy Governor shall be appointed by the directors with the approval of the Governor in Council . ( See Bank of Canada Act 1985 , Section 6 ( 1 ) http://laws-lois.justice.gc.ca/eng/acts/b-2/FullText.html ) </P>
who appoints the governor of the bank of canada
the directors with the approval of the Governor in Council