Richard Tiffany "Tiff" Macklem (born June 4, 1961) is a Canadian banker and economist who has served as the tenth governor of the Bank of Canada since 2020.

[1][2][3] He was also the former dean of the Rotman School of Management[4] and had previously served as the senior deputy governor of the Bank of Canada.

He occupied increasingly senior positions in the Research Department (now Canadian Economic Analysis) until his appointment as Chief in January 2000.

[17] Although Macklem's term would have run until 2017, he announced his resignation to take effect on May 1, 2014, to become the dean of the Rotman School of Management at the University of Toronto.

Paul Ferley, assistant chief economist at Royal Bank of Canada, suggested of Macklem's departure "It's a real loss for the bank, that you lose that human capital" as Carney and Macklem formed the tandem that had guided Canada through the late-2000s financial recession.

[18][19][20] Macklem was a member of Scotiabank's board of directors from June 2015 until his appointment as Bank of Canada Governor in 2020.