In 2003-4, he was seconded to the Department of Finance, before returning to the Bank as Deputy Governor in December 2004. Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, unprecedented responses to the economic crisis fuelled by COVID-19. Before Rotman, Macklem was senior deputy governor at the Bank of Canada, where he helped guide Canada through the financial crisis of 2008.

Macklem first joined the Bank in 1984 and occupied increasingly senior positions until he was appointed Advisor to the Governor in August 2003. There had been two front-runners, Tiff Macklem, and Carolyn Willkins.

OTTAWA — Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, unprecedented responses to the economic crisis fuelled by COVID-19. Tiff Macklem was interviewed by BNN Bloomberg’s Amanda Lang on June 14, 2019 on the recommendations announced by the federal governments expert panel on sustainable finance. Tiff Macklem brings exceptional depth and experience to his role as dean of the Rotman School. Dean Macklem lead the panel. Tiff Macklem, dean of the University of Toronto’s Rotman School of Management, has been appointed the next governor of the Bank of Canada.. Macklem, who will take over from current Governor Stephen Poloz on June 3, will be charged with leading Canada’s pre-eminent macroeconomic institution, the policies and actions of which have a huge impact on the everyday lives of Canadians.