By Erik Hertzberg
(Bloomberg) — Nick Leswick, who has served as the executive director of policy at the Bank of Canada since the start of 2024, is returning to the Department of Finance as deputy minister.
He replaces Chris Forbes, who had held that position since 2023. Forbes will join the Privy Council Office as a senior official. Prime Minister Mark Carney announced the personnel changes in a notice on Friday.
Leswick previously worked as associate deputy minister for Finance, and has also held positions with the international trade branch and Treasury Board.
The changes come as the federal government and central bank start a major review of the Bank of Canada’s monetary policy framework agreement, which is renewed every five years. That’s set to be completed in 2026.
At the time Leswick joined the central bank, it said the role of executive director of policy was newly created, and made him responsible for “overseeing the Bank’s economic and financial sector departments.” He reported directly to Senior Deputy Governor Carolyn Rogers.
Leswick’s former role changed a longstanding tradition at the central bank, wherein the bank’s deputy governors also oversaw individual departments.
The Bank of Canada plans to fill Leswick’s role, according to spokesman Paul Badertscher.
©2025 Bloomberg L.P.
Visited 433 times, 1 visit(s) today
Bank of Canada bloomberg Chris Forbes Editor’s pick Mark Carney tiff macklem
Last modified: December 22, 2025
