Louis Rasminsky, 53, took office today as Governor of the Bank of Canada, the highest government post ever held by a Jew in Canada. The position is comparable to the chairmanship of the United States Federal Reserve Board.
Mr. Rasminsky, an authority on international finance, had been a deputy governor of the bank for six and a half years. His seven-year term of office as governor dates from today. When he was named a deputy governor nearly seven years ago, many persons had expected him to be named governor and it was widely believed in Ottawa that he was passed over because he was Jewish.
Born in Montreal of parents who immigrated from Poland, Mr. Rasminsky was educated in Toronto public schools, the University of Toronto and the London School of Economics. He is married to the former Lyla Rotenberg of Toronto. The couple has a son, Michael 24, a medical student at Harvard University, and a daughter, Lola, 17.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.