OTTAWA—Tiff Macklem will become the Bank of Canada’s next governor, a surprise choice that will see the central bank’s former No. 2 official lead the institution during the biggest global economic downturn since the Great Depression. Mr. Macklem, 58 years old, is currently dean at the University of Toronto’s Rotman School of Business, and served as the central bank’s senior deputy governor from 2010 to 2014 when Mark Carney was governor of the Bank of Canada. Mr. Macklem’s selection was viewed by many economists and public...

Source: Wall Street Journal May 01, 2020 13:07 UTC