In a somewhat surprising move, the Bank of Canada has named Stephen Poloz as its new governor, and not Tiff Macklem, as had long been speculated. Poloz, who was most recently the head of Export Development Canada, has worked at the Bank of Canada in the past, but at the press conference yesterday, Mark Carney stressed that it’s a team effort at the Bank, so Macklem will still play a role, and so on. Maclean’s gives you the ten things you need to know about Poloz, John Geddes writes about what we’ll miss about Carney, and John Ivison writes about Poloz’s challenge of working with the government’s agenda.
Tag Archives: Bank of Canada
Roundup: Everything’s coming up Vic Toews
Vic Toews is all over the news right now, and quite possibly all over Question Period later today. Yesterday morning Toews was on The West Block and basically said that the RCMP “communications protocol” was put into place so that he doesn’t get ambushed by opposition questions in the House after the parliamentarians who had those meetings bring up things they discussed. Aww, muffin! Access to information documents also show that Toews tried to limit the RCMP’s apology to the families of victims of serial killer Robert Pickton. The RCMP ended up rejecting said revisions, saying they came in too late, but it appears to be a case of overreach, and likely an attempt to forestall any attempts of legal action that an admission that the RCMP could have done more to stop Pickton is likely to generate.
Roundup: A questionable CIDA grant
CIDA is funding a homophobic Christian group to do work in Uganda – you know, a country that Harper and Baird have called out for their government-sponsored anti-gay legislation, and one of the reasons why Uganda is no longer part of the Commonwealth? I have to wonder what John Baird thinks of this, considering how much he’s touted gay rights as part of Canada’s foreign policy – much to his credit. I can’t imagine he’ll be happy, but I also don’t imagine that anyone will take the blame except for the bureaucrats who “made the decision” when this gets brought up in QP today.
Senator Mike Duffy’s “neighbours” in PEI say that they never see him, and cast doubt on some of his other claims, like how much he’d allegedly spent in converting his cottage there into a year-round residence. Just to keep that particular story of residency requirements going (seeing as it could mean his removal from the job).
Roundup: Leadership versus grassroots
So that #IdleNoMore protest is getting more interesting as internal divisions become evident. Chiefs are talking about making “breach of treaty” declarations and cross-country economic disruptions, while the founders of the movement are distancing themselves from the chiefs, as part of the protest is to get around the established power relationships and keep the movement at the grassroots level. These founders have even distanced themselves from Attawapiskat Chief Theresa Spence, calling her hunger strike as being in support of the movement, but that the movement is about Aboriginal people and not the chiefs. Spence is trying to get said grassroots to unite with the chiefs rather than shame them for past mistakes, and says that the chiefs are ready to “humble themselves.” But the founders point out that the movement is about the people taking the lead, and not the established leadership. (And if you’re still not sure what it’s all about Pamela Palmeter, who ran for the leadership of the AFN last year, breaks it down for you here).
Remember those reports of the new polymer dollar bills melting? The Bank of Canada insists that it’s not actually possible – but won’t release their internal data about it under the exemptions for national security and international relations. Also of note is that the number of complaints of mutilated bills declined sharply with the new polymer banknotes, for what it’s worth.