Monthly Archive: September 2022

The Queen and I

While watching the funeral of Queen Elizabeth II in recent days, I realized I must be a full-blown monarchist. How could I be anything else? I was born and raised in Guelph, the Royal City, lived across from St. George’s Park, patron saint of England, and attended King George Public School.  When the Queen was crowned in 1953, film of the coronation in Westminster Abbey was flown by the RAF and RCAF to Canada for broadcast on CBC. Hardly anyone had television in those days, so the neighbourhood gathered in the auditorium of the aforementioned school and watched the ceremony...

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Cause and effect

Poor Tiff Macklem, governor of the Bank of Canada. Today he boosted interest rates to 3.25 percent from 2.5 percent and the TSX managed to rise only 150 points, about the same as yesterday’s downturn. Analysts yawned even though rates in Canada are now higher than almost every nation from New Zealand to Sweden. Macklem is the Rodney Dangerfield of central bankers. The name “Tiff” comes from Macklem’s middle name, Tiffany. He has a PhD in economics and was for six years dean of the Rotman School of Management at the University of Toronto. It was there I saw him...

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