Louis Rasminsky, Canadian economist and banker (d. 1998)
Louis Rasminsky, (February 1, 1908 – September 15, 1998) was the third Governor of the Bank of Canada from 1961 to 1973, succeeding James Coyne. He was succeeded by Gerald Bouey.
Born in Montreal, he was raised in Toronto, graduated at Harbord Collegiate Institute, educated at the University of Toronto and the London School of Economics. In 1930, he started at the League of Nations as a specialist in monetary and banking issues. He joined the Bank of Canada in 1940, becoming executive assistant to the Governors of the Bank from 1943 to 1954 and Deputy Governor in 1955.
He served as Canada's executive director at the International Monetary Fund from 1946 until 1962. He was also executive director at the International Bank for Reconstruction and Development from 1950 to 1962.
In 1968, he was made a Companion of the Order of Canada, Canada's highest civilian honour, "for his services to Canada and a life-long career in the fields of international economic affairs and central banking". In 1968, he was awarded the Outstanding Achievement Award, the highest honour in the Public Service of Canada. He was the first Canadian to receive an honorary degree from Yeshiva University. He also received honorary degrees from Carleton University, Trent University, the University of British Columbia and Concordia University (1975).In the 1960s, the distinguished Rideau Club in Ottawa declined to admit Rasminsky on the account of the fact that he was Jewish. It succumbed to pressure from Prime Minister Lester B. Pearson, among others.Canadian historian Bruce Muirhead received the Joseph and Fay Tanenbaum Award for Canadian Jewish History for his biography of Rasminsky, Against the Odds: The Public Life and Times of Louis Rasminsky (University of Toronto Press, 1999).
His daughter, Lola Rasminsky, is the Founder and Director of the Avenue Road Arts School in Toronto. His son, Dr. Michael Rasminsky, practices neurology at the Montreal General Hospital.
1908Feb, 1
Louis Rasminsky
Choose Another Date
Events on 1908
- 30Jan
Jan C. Smuts
Indian pacifist and leader Mohandas Karamchand Gandhi is released from prison by Jan C. Smuts after being tried and sentenced to two months in jail earlier in the month. - 17Sep
Orville Wright
The Wright Flyer flown by Orville Wright, with Lieutenant Thomas Selfridge as passenger, crashes, killing Selfridge, who becomes the first airplane fatality. - 27Sep
Ford Piquette Avenue Plant
The first production of the Ford Model T automobile was built at the Ford Piquette Avenue Plant in Detroit, Michigan. - 1Oct
Ford Model T
Ford puts the Model T car on the market at a price of US$825. - 14Oct
Detroit Tigers
The Chicago Cubs defeat the Detroit Tigers, 2-0, clinching the World Series; this would be their last until clinching the 2016 World Series.