Tiff Macklem, 59, was born in Montreal where his father was Chief Financial Officer of Birks. Western alumnus Tiff Macklem, MA’84, PhD’89 (Economics), has been named Governor of the Bank of Canada for a seven-year term, effective June 3, Finance Minister Bill Morneau announced May 1. Richard Tiffany "Tiff" Macklem (born 1961)[1] is a Canadian banker and economist who serves as the current Governor of the Bank of Canada. I want to thank all Board members, present and past, for their support, and Minister Morneau for his leadership and friendship these past few years,” said Poloz. WSJ Opinion: Vote for Joe Biden? A welcome email is on its way.
“I have the utmost confidence in Tiff Macklem’s ability to lead the Bank of Canada as its next Governor. If you don't see it please check your junk folder. The next pandemic: where is it coming from and how do we stop it? This advertisement has not loaded yet, but your article continues below. Macklem was considered a successor to former BOC Governor David Dodge and widely respected in the BOC and worldwide, though being a career civil servant he lacked the private sector experience that Carney and Poloz possessed. Western alumnus Tiff Macklem, MA’84, PhD’89 (Economics), has been named Governor of the Bank of Canada for a seven-year term, effective June 3, Finance Minister Bill Morneau announced May 1. Unauthorized distribution, transmission or republication strictly prohibited. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news, MyFT – track the topics most important to you, FT Weekend – full access to the weekend content, Mobile & Tablet Apps – download to read on the go, Gift Article – share up to 10 articles a month with family, friends and colleagues, Integration with third party platforms and CRM systems, Usage based pricing and volume discounts for multiple users, Subscription management tools and usage reporting, Dedicated account and customer success teams. [9] He grew up in Westmount, where he attended Selwyn House School from Grade 5 to 11. Western alumni occupy four of the six Governing Council positions at the Bank of Canada, including Tiff Macklem, above, MA’84, PhD’89 (Economics), Governor; Carolyn Wilkins, MA’88 (Economics), Senior Deputy Governor; Timothy Lane, PhD’83 (Economics), Deputy Governor; and Toni Gravelle, BA’88, PhD’96 (Economics). [17][18][19], Macklem was a member of Scotiabank's board of directors from June 2015 until his appointment as Bank of Canada Governor in 2020.
We ask you to keep your comments relevant and respectful. OTTAWA—Tiff Macklem will become the Bank of Canada’s next governor, a surprise choice that will see the central bank’s former No. He occupied increasingly senior positions in the Research Department (now Canadian Economic Analysis) until his appointment as Chief in January 2000. Low-key Tiff Macklem seems a natural fit", "Peter Macklem Obituary - Brockville, Ontario", "Old Boys at Career Day - Tiff Macklem '78", "Congratulations to Tiff Macklem (Pre-U '79) on his appointment as governor of the Bank of Canada! “A seamless transition is going to be our first priority and I’m confident that we will be able to accomplish that.”. 2 official to succeed Stephen Poloz This is pivotal as the BoC is expected to navigate the exit of crisis-era policies and avoid situations similar to the taper tantrums seen over the last decade when balance sheets began to compress.”, ERIK NELSON, A CURRENCY STRATEGIST, AT WELLS FARGO IN NEW YORK, “Maybe somewhat of a surprise; we weren’t sure exactly whether or not he wanted the job and (Carolyn) Wilkins was maybe more of the obvious choice.”, “Looking back, he has got some crisis experience under (Mark) Carney. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. https://t.co/qeoTLrcShs pic.twitter.com/L9PSGO3yck, — Bank of Canada (@bankofcanada) May 1, 2020. Jessy Bains is a senior reporter at Yahoo Finance Canada. His leadership and experience at the Bank, in the federal government, and in academia will be invaluable as he guides Canada’s monetary policy during these challenging times,” said Morneau. “Tiff’s experience and expertise as one of the top economic minds in the country will serve Canada well as we navigate our way through this crisis,” Western president Alan Shepard said. [10][11] Instead of attending CEGEP afterwards, he completed one year of pre-university at Lower Canada College.
[3] He assumed the office on June 3. Please try again.
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