Two new appointments have been made to the Board of Directors of the Bank of Canada. Paul Dicks and Armin Martens take their positions on the Board effective immediately.

Dicks has held numerous cabinet posts in the government of Newfoundland and Labrador, including Minister of Justice and Attorney General, Minister of Finance and President of Treasury Board, as well as Minister of Mines and Energy. He currently practises law in St. John1s.

Martens was a founding director of Consolidated Properties Inc., a publicly traded corporation on the Toronto Stock Exchange, and is currently president and CEO of Marwest Development Corporation, based in Winnipeg.