The Globe and Mail reports in its Saturday edition that Bank of Canada Governor Tiff Macklem is not well loved by Canadians. The Globe's Mark Rendell and David Parkinson write that people who had never known the name of a central bank governor before are cursing his. Opposition politicians and provincial premiers rail against him. He figures it comes with the job. Mr. Macklem says, "At some moments in history, central bankers were all heroes; and other times, they're all villains." In his 3-1/2 pressure-packed years as head of Canada's central bank, Mr. Macklem has been both. In 2020, when he first took on the job, he piloted a massive monetary policy effort launched by his predecessor, Stephen Poloz, that helped save the country from financial market collapse and economic ruin during the first year of the pandemic. However, over the past couple of years, he has become known as the man responsible for repeatedly raising interest rates. Now, Mr. Macklem is the Grinch who refuses to talk about cutting those rates. He says, "Unfortunately, there is no pain free way, there's no easy way to get back to price stability." However, he adds: "Next year will be a year of transition. The payoff is coming, and it's getting closer."