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Prime Minister Trudeau appointed Canadian businessman Michael Sabia to the position of Deputy Minister of Finance.

Sabia, who previously served as CEO of Caisse de d茅p么t et placement and Bell Canada, has ties to McGill University through his role as a past advisory board member for the Max Bell School of Public Policy.

From the prospective of Professor Karl Moore, Sabia has the right blend of talent and experience to lead in a challenging financial environment.