Trudeau Poised to Appoint New Bank of Canada Governor Friday

Prime Minister Justin Trudeau’s government is ready to name a new leader at the Bank of Canada, according to people familiar with the matter, ending weeks of speculation about its choice.

Finance Minister Bill Morneau is scheduled to make the announcement Friday morning at 9:30 in Ottawa, according to an advisory from his office. He will be joined by outgoing Governor Stephen Poloz, whose term ends June 2. The people, who spoke Thursday night on condition they not be identified because they weren’t authorized to discuss the matter, didn’t reveal who has been selected.