Macklem seen most likely to be next Bank of Canada governor: Reuters poll

Wed Apr 10, 2013 9:49am EDT
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By Louise Egan

OTTAWA (Reuters) - Tiff Macklem, currently second-in-command at the Bank of Canada, is unanimously seen as the most likely successor to Governor Mark Carney, according to a Reuters poll published on Wednesday.

All 16 analysts who responded in the survey said that Macklem, 51, is the firm front-runner to take the helm at the central bank when Carney steps down on June 1 to run the Bank of England.

"It would be tough to justify passing up such a well-qualified person who is so in touch with running the Bank of Canada," said Bricklin Dwyer, economist at BNP Paribas.

Macklem has spent most of the past 25 years at the Bank of Canada and has been senior deputy governor there since 2010.

Finance Minister Jim Flaherty, who will interview a short list of candidates, has said he'd like to announce the new governor this month after obtaining cabinet approval.

Analysts in the poll were asked who they thought the top three candidates to replace Carney were, ranked from most likely to least likely.

Of the analysts surveyed, 16 put Macklem at the top of the list. Several respondents provided only one or two names.

Overall, there were seven other candidates on the roster of second- and third-place candidates, including two current deputy governors.   Continued...

Bank of Canada Governor Mark Carney (R) and Senior Deputy Governor Tiff Macklem take part in a news conference upon the release of the Monetary Policy Report in Ottawa January 23, 2013. REUTERS/Chris Wattie