Six years ago this month, Stephen Poloz was appointed governor of the Bank of Canada. And just like that, it’s the final year of his mandate.
A 76-year-old Joe Biden is running for the opportunity to challenge 72-year-old Donald Trump in the 2020 U.S. presidential election, so maybe the 62-year-old Poloz will decide to apply for a second term when the time comes.
But that seems unlikely. No Canadian central bank governor has served longer than seven years since Gerald Bouey, who was appointed in 1973 and retired in 1987. And judging by Poloz’s speech in Winnipeg this week, the governor entered the final phase of his tenure in a mood to make some noise. That could be a tell, since a veteran of Ottawa like Poloz would know that outspokenness rarely leads to an order-in-council appointment.
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