About James Elliott Coyne
James Elliott Coyne was a Canadian economist who served as 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", which led to his resignation and, eventually, to greater central-bank independence in Canada. He was awarded the Canadian version of the Queen Elizabeth II Diamond Jubilee Medal in 2012 He was appointed a member of the Order of Manitoba in 2012. Coyne graduated from Ridley College in St. Matters came to a head when Coyne raised his own pension to $25,000, which Diefenbaker deemed excessive when he himself had no entitlement to one.
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