Tom Hockin, the Mulroney-era cabinet minister who chaired the government-appointed panel that recommended Canada establish a single securities regulator, has been tapped to represent Canada at the International Monetary Fund in Washington. Finance Minister Jim Flaherty announced the nomination yesterday in a statement, saying Mr. Hockin's background would "serve Canada well as we continue to work towards a stronger, more effective and more representative IMF." Should Mr. Hockin be elected at the IMF, he would succeed Michael Horgan, currently Canada's deputy finance minister, the statement said. Mr. Hockin now works for Deloitte as a strategic adviser and public corporate director and has served as president of the Investment Funds Institute of Canada. The profile of the IMF, founded in the wake of the Second World War, along with its sister institution the World Bank, has grown in the past year as the lender has helped shore up economies from Iceland to Pakistan to help mitigate the effects of the global financial crisis.
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