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Tiff Macklem
Richard Tiffany Macklem (born June 4, 1961), known as Tiff Macklem, is a Canadian banker and economist who serves as the 10th and current governor of the Bank of Canada. He was also the former dean of the Rotman School of Management and had previously served as the senior deputy governor of the Bank of Canada. Early life and education Richard Tiffany Macklem was born on June 4, 1961, in Montreal, Quebec, to Dick and Janet (Gray-Donald) Macklem. His father was the chief financial officer of Birks. His uncle, Peter Macklem, was a physician. He grew up in Westmount, where he attended Selwyn House School from grades 5 to 11. Instead of attending CEGEP afterwards, he completed one year of pre-university at Lower Canada College. He graduated from Queen's University in 1983 with a bachelor's degree in economics, and completed a master's degree and a PhD in economics from the University of Western Ontario in 1989. Career Macklem joined the Bank of Canada in 1984 where he worked i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of The Bank Of Canada
The governor of the Bank of Canada () is the chief executive officer of the Bank of Canada and acts as chair of its board of directors. The ''Bank of Canada Act'', 1985, S. 6(1), provides that the governor and deputy governor shall be appointed by the directors with the approval of the Governor in Council. Tiff Macklem serves as the current governor. He assumed office on June 3, 2020. Roles and responsibilities * The governor and deputy governor sign each series of Canadian banknotes. * The governor is ''ex-officio'' the alternate voter on the International Monetary Fund. Governors and Senior Deputy Governors of the Bank of Canada Senior Deputy Governors of the Bank of Canada See also * Crown corporation * Governor of the Bank of England (UK) * Chairman of the Federal Reserve (US) References {{DEFAULTSORT:Governor Of The Bank Of Canada * Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Selwyn House School
Selwyn House School (SHS) is an English-language independent K-11 boys' school located in Westmount, Quebec. The school was founded in 1908 by Englishman Captain Algernon Lucas and was named in honour of Selwyn College at the University of Cambridge, which Lucas attended. The school body currently numbers 550 students with an average class size of 15 to 20 students. Students are divided into four houses, which serve intramural athletics purposes within the primary school. The houses, named after the first four headmasters of the school, are Lucas (yellow), Macaulay (red), Wanstall (green) and Speirs (blue). The Selwyn House Gryphons have fielded strong athletic teams in recent decades and their traditional rivals in sports are Lower Canada College and Loyola High School. The school remains one of only three all-male educational institutions left in Quebec. They host co-ed events with sister schools Miss Edgar's and Miss Cramp's School and The Study. Despite charging among the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Rate
Bank rate, also known as discount rate in American English, is the rate of interest which a central bank charges on its loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country, and has changed over time in some countries as the mechanisms used to manage the rate have changed. Whenever a bank has a shortage of funds, they can typically borrow from the central bank based on the monetary policy of the country. The borrowing is commonly done via repos: the repo rate is the rate at which the central bank lends short-term money to the banks against securities. It is more applicable when there is a liquidity crunch in the market. In contrast, the reverse repo rate is the rate at which banks can park surplus funds with the reserve bank, which is mostly done when there is surplus liquidity. Determining the rate The interest rate that is charged by a country's central or federal bank on loans and advances controls the money ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2021–2022 Inflation Surge
The 2021–2022 inflation surge is the higher-than-average economic inflation throughout much of the world that began in early 2021. It has been attributed to the 2021 global supply chain crisis caused by the COVID-19 pandemic, and unexpected demands for certain goods. As a result, many countries have seen their highest rates of inflation in decades. Background and causes While there is no unanimous agreement by economists as to the exact cause of the inflation surge, there are several theories. Most attribute it to product shortages resulting from global supply-chain problems, largely caused by the COVID-19 pandemic. Other causes cited include strong consumer demand; turmoil in the labor market; and the fact that 2021 prices are being compared to 2020 prices, which were depressed due to pandemic-related shutdowns. Additionally, many economists cite the unprecedented level of spending from the passage of COVID-19 relief programs by the Biden Administration as a key factor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scotiabank
The Bank of Nova Scotia (french: link=no, Banque de Nouvelle-Écosse), operating as Scotiabank (french: link=no, Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third largest Canadian bank by deposits and market capitalization. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 92,001 employees and assets of Can$1,136 billion (according to 2020 annual report), Scotiabank trades on the Toronto () and New York () exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002. Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900. Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primaril ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Bank Of Canada
Royal Bank of Canada (RBC; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains a corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks. In Canada, the bank's personal and commercial banking operations are branded as ''RBC Royal Bank'' in English and ''RBC Banque Royale'' in French and serves approximately 10 million clients through its network of 1,209 branches. RBC Bank is a US banking subsidiary which formerly operated 439 branches across six states in the Southeastern United States, but now only offers cross-border banking services to Canadian travellers and expats. RBC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Toronto
The University of Toronto (UToronto or U of T) is a public research university in Toronto, Ontario, Canada, located on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institution of higher learning in Upper Canada. Originally controlled by the Church of England, the university assumed its present name in 1850 upon becoming a secular institution. As a collegiate university, it comprises eleven colleges each with substantial autonomy on financial and institutional affairs and significant differences in character and history. The university maintains three campuses, the oldest of which, St. George, is located in downtown Toronto. The other two satellite campuses are located in Scarborough and Mississauga. The University of Toronto offers over 700 undergraduate and 200 graduate programs. In all major rankings, the university consistently ranks in the top ten public universities in the world and as the top university ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vancouver Sun
The ''Vancouver Sun'', also known as the ''Sun'', is a daily broadsheet newspaper based in Vancouver, British Columbia, Canada. The newspaper is currently published by the Pacific Newspaper Group, a division of Postmedia Network. Published six days a week from Monday to Saturday, the ''Sun'' is the largest newspaper in western Canada by circulation. The newspaper was first published on 12 February 1912. The newspaper expanded in the early 20th century by acquiring other papers, such as the ''Daily News-Advertiser'' and ''The Evening World''. In 1963, the Cromie family sold the majority of its holdings in the ''Sun'' to FP Publications, who later sold the newspaper to Southam Inc. in 1980. The newspaper was taken over by Hollinger Inc. in 1992, and was later sold again to CanWest in 2000. In 2010, the newspaper became part of the Postmedia Network as a result of the collapse of CanWest. History The ''Vancouver Sun'' published its first edition on 12 February 1912. The n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David A
David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". was, according to the Hebrew Bible, the third king of the United Kingdom of Israel. In the Books of Samuel, he is described as a young shepherd and harpist who gains fame by slaying Goliath, a champion of the Philistines, in southern Canaan. David becomes a favourite of Saul, the first king of Israel; he also forges a notably close friendship with Jonathan, a son of Saul. However, under the paranoia that David is seeking to usurp the throne, Saul attempts to kill David, forcing the latter to go into hiding and effectively operate as a fugitive for several years. After Saul and Jonathan are both killed in battle against the Philistines, a 30-year-old David is anointed king over all of Israel and Judah. Following his rise to power, David ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Carney
Mark Joseph Carney (born March 16, 1965) is a Canadian economist and banker who served as the governor of the Bank of Canada from 2008 to 2013 and the governor of the Bank of England from 2013 to 2020. Since October 2020, he is vice chairman and head of Impact Investing at Brookfield Asset Management. He was the chair of the Financial Stability Board from 2011 to 2018. Prior to his governorships, Carney worked at Goldman Sachs as well as the Department of Finance Canada. Early life Carney was born on March 16, 1965, in Fort Smith, Northwest Territories, the son of Verlie Margaret (née Kemper) and Robert James Martin Carney. When Carney was six, his family moved to Edmonton, Alberta. Carney has three siblings — an older brother and sister, Seán and Brenda, and a younger brother Brian. Carney attended St. Francis Xavier High School, Edmonton before studying at Harvard University. Carney graduated from Harvard in 1988 with a bachelor's degree with high honours in economics, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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