Mark Carney’s likely successor speaking in Kingston, Ont.
Bank of Canada Governor Mark Carney, right, looks towards, the Bank of Canada’s new Senior Deputy Governor Tiff Macklem as they hold a press conference at the National Press Theatre following the release of the Monetary Policy Report in Ottawa on Thursday July 22, 2010. THE CANADIAN PRESS/Sean Kilpatrick
Bank of Canada Deputy Governor Tiff Macklem, the favourite candidate to replace Governor Mark Carney when he takes off for England in the Spring, is speaking right now at Queen’s University in Kingston, Ont.
Below is the integral text of his remarks, and here are a few pointers:
The Deputy Governor, of course, doesn’t sound nearly as gloomy as the bullet points would have you believe. After all, he notes, we have a small fiscal federal deficit, a healthy financial system, a great reputation among foreign lenders, and lots of natural resources and educated people. Still…