Tiff Macklem, the Bank of Canada governor, took only three questions after his latest speech.
The first, from Sonia Baxendale, head of the Global Risk Institute, which hosted Macklem’s virtual remarks, was about how the COVID-19 crisis differs from the Great Recession.
“At a global level, the level of cooperation in ’08-’09 was stronger than we are seeing (today),” said Macklem, who was the Finance Department’s top diplomat during the Great Recession.
Noteworthy, given the source of the critique, but not newsworthy, since the go-it-alone nature of the fight against the pandemic had been widely discussed.
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