Is there still room at the top of Bank of Canada for Macklem?

Financial Post | Business

OTTAWA • With a long learning curve ahead of him, Stephen Poloz will need to turn to the Bank of Canada’s No. 2 policymaker for support when he takes the helm in June.

[np_storybar title=”Stephen Poloz: A subtle shift in Bank of Canada policy?” link=””]Export issues are not normally part of monetary policy framework

But will senior deputy governor Tiff Macklem, snubbed by the institution he so dearly wanted to lead, be around much longer to lend a hand?

Mr. Poloz, 57, was named Thursday as the next central bank governor, replacing Mark Carney who is leaving to head the Bank of England.

Although Mr. Macklem, 51, was originally cast as the odds-on favourite to get the top job, Mr. Poloz’s name began to surface in recent weeks.

In the end, Mr. Poloz and Mr. Macklem were the only confirmed candidates for the governor’s position. Finance Minister Jim Flaherty…

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