Tiff Macklem

23 Mar

Bank of Canada Announces Departure of Deputy Governors Toni Gravelle and Sharon Kozicki

Rajeev Sharma0 CommentsCanadaBank Of Canada, Governing Council, Monetary policy, retirement, Sharon Kozicki, Tiff Macklem, Toni Gravelle

Ottawa (Rajeev Sharma): The Bank of Canada announced on Monday, March 23, 2026, that Deputy Governors Toni Gravelle and Sharon Kozicki will be departing from their roles later this year. The central bank confirmed that both veteran policymakers have decided to retire after distinguished careers in public service and central banking. Toni Gravelle, who has overseen the Bank’s financial markets activities, will retire effective July 31, 2026. Sharon Kozicki, a key figure in monetary policy design and the first woman appointed as a Deputy Governor in over six years when she joined the Governing Council in 2021, will step down…

28 Jan

Bank of Canada Holds Interest Rate at 2.25%, Sees Slow Recovery After U.S. Tariff Shock

Rajeev Sharma0 CommentsCanadaBank Of Canada, Canadian economy, inflation outlook, Interest rates, policy rate, Tiff Macklem

Ottawa (Rajeev Sharma): The Bank of Canada held its benchmark interest rate steady on Wednesday, maintaining the policy rate at 2.25 per cent, while forecasting a gradual recovery the Canadian economy following the impact of U.S. tariffs The decision marks the central bank’s first rate announcement of the year and was widely anticipated by economists. The bank paused its rate-cutting cycle in December, and Governor Tiff Macklem said recent economic developments have largely unfolded in line with expectations. However, Macklem cautioned that uncertainty remains “unusually high,” citing ongoing geopolitical risks and the upcoming review of the Canada-U.S.-Mexico Agreement. He said…