Ottawa, June 30, 2005
2005-047

Archived - Minister of Finance Announces New Bank of Canada Appointment

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.

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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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