The Bank of Canada’s governing council debates matters in private and then speaks with one voice. Dissenters from U.S. Fed policy often express their opinions publicly.Sean Kilpatrick/The Canadian Press
From Bay Street to Ottawa and back again.
That's been the career path for David Wolf, who was just named Fidelity Investments Canada's newest portfolio manager.
Mr. Wolf used to work on Bay Street, at both RBC Dominion Securities and Merrill Lynch Canada, but he left for Ottawa in 2009, where he served as adviser to former Bank of Canada governor Mark Carney.
After the change of governors, Mr. Wolf officially joined Fidelity in September, but he spent the first six months getting to know the team and the organization. Now he's been formally named a portfolio manager and will help run funds such as the Fidelity Canadian Asset Allocation Fund and Fidelity Monthly Income Fund with Geoff Stein and Derek Young.
While in Ottawa, Mr. Wolf served as editor of the quarterly Monetary Policy Report and represented the Bank of Canada when dealing with international groups such as the International Monetary Fund.
Tim Kiladze