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Ottawa, May 27, 2005
2005-038

Minister of Finance Announces Appointment of New Bank of Canada Director

Minister of Finance Ralph Goodale today announced the appointment of Gilles Lepage of Caraquet, New Brunswick, as a Director of the Bank of Canada.

"Gilles Lepage is an outstanding addition to the Bank of Canada’s Board of Directors," Minister Goodale said. "His extensive background in the financial services industry and his strong track record of community service make him particularly well suited to take on this challenging role."

Since 1994, Mr. Lepage has served as President and Chief Executive Officer of Mouvement des caisses populaires acadiennes, a New Brunswick-based financial institution that primarily serves the province’s Acadian community. He also serves on the Board of Directors of numerous charitable organizations, including Literacy New Brunswick, the Canadian Unity Council and the Lamèque International Baroque Music Festival.

Mr. Lepage is replacing Aldéa Landry of New Brunswick, who is stepping down after serving as a member of the Bank’s Board of Directors. Minister Goodale wishes to thank Ms. Landry for her excellent contribution over the years.

The Bank of Canada is Canada’s central bank. The Bank of Canada’s responsibilities focus on the goals of low and stable inflation, a safe and secure currency, financial stability, and the efficient management of government funds and public debt.

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