Tiff Macklem will be Bank of Canada governor after all. Trudeau had the final say, as the governor of the Bank of Canada is a cabinet decision by law. “I’m looking forward to getting into the Bank of Canada,” Macklem said at the press conference. (No Bank of Canada governor has served consecutive mandates since Gerald Bouey, whose 14-year tenure ended in 1987.) “He’s brilliant,” said Craig Wright, chief economist at Royal Bank of Canada, who has known Macklem for decades.

Source: National Post May 01, 2020 20:48 UTC