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Carney hires BlackRock’s Purves to help run trade department

Bloomberg News
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Prime Minister Mark Carney appointed BlackRock economist Glenn Purves as deputy minister of international trade, tasked with expanding exports beyond U.S. markets. The move signals a push for private-sector expertise in key government roles. Purves previously led macro research at BlackRock’s New York office and served 12 years in Canada’s finance department, including at the IMF. His hybrid public-private background aligns with Carney’s strategy of blending financial and policy experience. Carney, a former Goldman Sachs executive, also named RBC’s Doug Guzman to head a new defense investment agency, reinforcing the trend of recruiting Wall Street veterans for critical posts. Rob Stewart, current trade deputy minister, will now lead a new anti-financial crime agency, while Kevin Brosseau adds a defense role to his fentanyl-combating duties. The reshuffle consolidates economic security priorities. The appointments take effect in coming weeks, reflecting Carney’s broader effort to modernize governance with finance-industry leaders amid shifting global trade and security challenges.
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Carney has appointed several people with private-sector finance experience to key government rolesAuthor of the article:You can save this article by registering for free here. Or sign-in if you have an account.Prime Minister Mark Carney appointed BlackRock Inc. economist Glenn Purves as deputy minister of international trade, a job that will give him responsibility for helping the country boost its exports to non-U.S. markets.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Purves has been global head of macro research for the BlackRock Investment Institute in New York since January 2025. He’d previously worked in Canada’s government for about 12 years, most recently as an assistant deputy minister with the Department of Finance. He also had a stint at the International Monetary Fund.Carney, a former central banker who worked at Goldman Sachs Group Inc. earlier in his career, has appointed several people with private-sector finance experience to key government roles, including Royal Bank of Canada’s Doug Guzman to head a new defence investment agency.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.The prime minister also named Rob Stewart as deputy minister responsible to lead the creation of a new agency to fight financial crime. He’s currently the deputy minister of international trade.Kevin Brosseau, who was appointed to lead efforts to combat the fentanyl trade, was given an additional role as senior associate deputy minister of national defence.The appointments, along with other ministerial changes announced Wednesday, take effect in the coming weeks, the prime minister’s office said.Bloomberg.comPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.

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