The Governor of the Bank of Canada has almost unlimited power since he can facilitate and control the direction of the economy without reference to Parliament. …The head of the Bank of Canada is the Governor, who is appointed by the bank's (independent)

board of directors (rubber stamped by Cabinet). The governor is appointed for a seven-year term, and cannot be dismissed by the government…..In practice, the governor sets monetary policy independently of the government.

The Board is composed of 12 Directors from outside the Bank, plus the Governor and the Senior Deputy Governor. The Deputy Minister of Finance sits on the Board as a non-voting member. The outside Directors come from across Canada and provide an important link to the various regions of the country. Directors are appointed for three-year terms by the Minister of Finance and may be reappointed at the end of their terms. If an appointment decision is delayed, Directors continue to fulfill their responsibilities as Board members until a new Director is named.

“The Bank is not a government department as it performs its activities at arm's-length from the government. The Governor and Senior Deputy Governor are appointed by the Bank's Board of Directors. The Deputy Minister of Finance sits on the Board of Directors but does not have a vote.”

Our Governor, Mark Carney, was formerly with Goldmans Sachs. He was chosen y the BOD. The Chairma of the BOD, ONE PERSO, hoolds influence over the BOD....and upon his recommendation, a Governor could be appoitnted. Now, one has to ask one's self, how might one person be inluenced to influence all the others?