NEW YORK (MaceNews) – Former Bank of Canada Senior Deputy Governor Tiff Macklem has been named governor of the Bank of Canada, the BOC said Friday.
Macklem will succeed Governor Stephen Poloz on June 3.
Macklem has been dean of the Rotman School of Management at the University of Toronto since July 2014. Prior to that, he served as the senior deputy governor at the Bank of Canada between July 2010 and May 2014. Before his appointment as senior deputy governor, Macklem was associate deputy minister at the Department of Finance, serving as Canada’s representative at the G7, G20 and Financial Stability Board.
Macklem first joined the bank in 1984 and rose in responsibility until he was appointed advisor to the governor in August 2003. In 2003-4, he was seconded to the Department of Finance, before returning to the bank as deputy governor in December 2004. Macklem has a PhD in economics from the University of Western Ontario.
Expectations had centered on Macklem or the current senior deputy governor, Carolyn Wilkins, to be named Poloz’ successor.