James Coyne
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James Coyne OM |
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| 2nd Governor of the Bank of Canada | |
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In office January 1, 1955 – July 13, 1961 |
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| Appointed by | Louis St. Laurent |
| Preceded by | Graham Towers |
| Succeeded by | Louis Rasminsky |
| Personal details | |
| Born |
James Elliott Coyne July 17, 1910 Winnipeg, Manitoba |
| Died | October 12, 2012 (aged 102) Winnipeg, Manitoba |
| Relations |
James Henry Coyne, grandfather Deborah Coyne, niece |
| Children | Sanford Riley, Patrick Riley, Nancy Riley, Susan Coyne, Andrew Coyne |
James Elliott Coyne, OM (July 17, 1910 – October 12, 2012) was the second Governor of the Bank of Canada, from 1955 to 1961, succeeding Graham Towers. During his time in office, he had a much-publicized debate with Prime Minister John Diefenbaker, a debate often referred to as the "Coyne Affair" (or sometimes the "Coyne Crisis"), which led to his resignation and, eventually, to greater central-bank independence in Canada.
Coyne was born in Winnipeg, Manitoba, the son of Edna Margaret (née Elliott) and James Bowes Coyne, a judge at the Manitoba Court of Appeal, who was co-prosecutor of the men accused of seditious conspiracy in the Winnipeg General Strike of 1919. His grandfather was lawyer and historian James Henry Coyne. Coyne graduated Ridley College in St. Catharines, Ontario in 1925, and had conferred upon him a BA in 1931 from the University of Manitoba. He studied at Oxford University as a Rhodes Scholar, playing for the Oxford University Ice Hockey Club, and in 1934 received a B.A. Jurisprudence and BCL. During World War II, he served in the Royal Canadian Air Force.
From 1944 to 1949, Coyne was executive assistant to Graham Towers at the Bank of Canada and from 1950 until 1954 was Deputy Governor. He was appointed Governor in 1955, resigned in 1961, and was succeeded by Louis Rasminsky.
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