BoC announces Deputy Governor Mendes to leave governing council on April 10th and Deputy Governor Kozicki will retire on July 15th

The announcement of Deputy Governor Mendes' departure and Kozicki's upcoming retirement signifies potential shifts in the Bank of Canada's governance, which may influence future monetary policy direction. With both officials leaving, market participants should pay attention to continuity or changes in the BoC's policy stance that could impact CAD and fixed income markets. This could open up discussions regarding the bank's leadership and influence expectations around future rate decisions.