3 See T. Macklem, “Economic progress report: A very uneven recovery” (speech delivered virtually to the  Canadian Chamber of Commerce, Ottawa, Ontario, September 10, 2020).
The very first cough maybe? When Barings Bank, with a Royal seal of approval, was hit by their own young man in Hong Kong, who sold them down the futures and derivatives drain, while senior managers were sipping cocktails … perhaps the pink champagne with which this Governor is allegedly permanently sozzled.