James Elliott Coyne

James Coyne
2nd Governor of the Bank of Canada
In office
January 1, 1955 – July 13, 1961
Appointed bySt. Laurent Ministry
Preceded byGraham Towers
Succeeded byLouis Rasminsky
Personal details
Born
James Elliott Coyne

(1910-07-17)July 17, 1910
Winnipeg, Manitoba, Canada
DiedOctober 12, 2012(2012-10-12) (aged 102)
Winnipeg, Manitoba, Canada
RelationsJames Henry Coyne (paternal grandfather)
Deborah Coyne (niece)
Children5, including Susan and 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.