Coyne became a highly controversial governor of the Bank of Canada in 1955 after 17 years with the bank. He warned against the dangers of foreign investment and spoke out on economic matters despite the divergence of his views from government policy. His outspokenness caused friction with the Diefenbaker government, which already distrusted him because of his close links with prominent Liberals. Ultimately, Coyne's refusal to adopt the government's expansionist monetary policy irritated not only finance minister Donald Fleming but many leading economists, who signed an open letter calling for his resignation. Coyne initially refused but, confronted with a bill firing him, he stepped down 13 July 1961.
- MLA 8TH EDITION
- English, John R.. "James Coyne". The Canadian Encyclopedia, 22 September 2017, Historica Canada. https://thecanadianencyclopedia.ca/en/article/james-elliott-coyne. Accessed 01 April 2020.
- APA 6TH EDITION
- English, J., James Coyne (2017). In The Canadian Encyclopedia. Retrieved from https://thecanadianencyclopedia.ca/en/article/james-elliott-coyne
- CHICAGO 17TH EDITION
- English, John R., "James Coyne". In The Canadian Encyclopedia. Historica Canada. Article published May 28, 2008; Last Edited September 22, 2017. https://thecanadianencyclopedia.ca/en/article/james-elliott-coyne
- TURABIAN 8TH EDITION
- English, John R.. The Canadian Encyclopedia, s.v. "James Coyne", Last Edited September 22, 2017, https://thecanadianencyclopedia.ca/en/article/james-elliott-coyne
|Article by||John R. English|
|Published Online||May 28, 2008|
|Last Edited||September 22, 2017|
James Elliott Coyne, banker, businessman (born 17 July 1910 in Winnipeg, MB; died 12 October 2012 in Winnipeg).