Ottawa, June 30, 2005

Archived - Minister of Finance Announces New Bank of Canada Appointment

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Minister of Finance Ralph Goodale today announced the appointment of Thomas J. Rice to the Board of Directors of the Bank of Canada.

"Mr. Rice brings extensive business experience and a strong financial background to his new role" Minister Goodale said. "I am pleased to welcome him and I look forward to his contribution to the Board of the Bank of Canada."

Mr. Rice, of Winnipeg, Manitoba, is the founder of Rice Financial Group and Rice Capital Management - now Jovian Capital Corporation, of which he is the Chairman. Jovian is a company with interests in a number of financial services and wealth management firms. Companies under the Jovian umbrella manage more than $8 billion in client assets through more than 87 locations across Canada. Mr. Rice also serves as a board member of the Brandon University Foundation in Brandon, Manitoba.

The Bank of Canada is Canada's central bank. Its 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.

For further information, media may contact:

John Embury
Director of Communications
Office of the Minister of Finance
(613) 996-7861
David Gamble
Public Affairs and Operations Division
(613) 996-8080

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