Bank of Canada Senior Deputy Raises Hand for Governor Role

One of the reasons that there might not have been a lot of speculation regarding who would be the next Bank of Canada governor might have been the fact that it was clear that it would go to the remaining higher level person at the central bank.

Five months on, there is finally — and officially — a candidate to replace Mark Carney.

Tiff Macklem, now senior deputy governor at the Bank of Canada, broke his silence Tuesday, acknowledging publicly for the first time that he wants the top job when Mr. Carney departs.

The admission came, perhaps surprisingly, during the usually staid proceedings of a parliamentary hearing.

Mr. Macklem, 51, responding to a question before the House of Commons finance committee, said that “if asked, I will serve.”

While seen as the obvious front-runner for the governor’s job, this is the first time Mr. Macklem has spoken about his aspirations.

via National Post

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza