Toronto Life – December 2018

photograph by

contributors name tk

68 toronto life December 2018

photographs: mulroney, poloz, del toro by

getty images;

cannabis by

dave gillespie

poloz decides when to lower

the Bank’s overnight rate and

when to raise it, an equation that

affects the worth of the dollar and the

interest rate Torontonians pay on our

gargantuan mortgages. Over the past

five years, his other decisions have less-

ened the blow of Alberta’s oil collapse,

kept inflation on target and wrangled

unemployment to a four-decade low.

This year, when POTUS threw a trade

temper tantrum, Poloz boldly raised the

overnight rate from 1.25 to 1.5 per cent,

betting Canada would thrive despite a

volley of tariffs. The arrival of USMCA

proved him right. up next: Before his

term ends in June 2020, he’ll have to

decide what to do with the overnight

rate a dozen more times.

the harvard-educated quadrilingual

descendant of Canadian political royalty brings

sophistication to an often-pugnacious regime.

When Ford wanted to deploy the notwith-

standing clause to ram his council-slashing bill

through the legislature, he tasked Mulroney

with publicly defending it, then called on her

again to spearhead the tricky cannabis file.

Lately, she’s been touring the province and

meeting with business owners who want to

repeal the Liberal government’s efforts to raise

the minimum wage to $15 an hour. friends in

high places: George W. Bush and Queen Noor of

Jordan attended her 2000 wedding to Andrew

Lapham.

7

Caroline Mulroney

Attorney GenerAl

guillermo

del toro

Director

The horror-fanTasy auteur’s masterpiece, The Shape of Water, earned

a field-leading 13 Oscar nominations. When it won four trophies, including

Best Picture and Best Director, del Toro used his acceptance speech to

crusade for inclusion and immigration. His success is a boon to the

Toronto film industry: del Toro has been shooting here since 1997’s Mimic,

and every blockbuster he films in Ontario means more money, work and

prestige for local crews and studios. UP NexT: In 2019, he’ll produce the Keri

Russell horror flick, Antlers, direct Pinocchio for Netflix, and—the truest

indicator of iconic status—make an animated cameo on The Simpsons.

9

The fif

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ial 2018

Joint Ventures

POT

PEOPLE

The C-suite execs

behind C-Day

S tephen

poloz

8 Governor of the Bank of Canada

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