Governor of the Bank of Canada


The governor of the Bank of Canada (French: gouverneur de la Banque du Canada) is the chief executive officer of the Bank of Canada and acts as chair of its board of directors.[1] The Bank of Canada Act, 1985, S. 6(1),[2] provides that the governor and deputy governor shall be appointed by the directors with the approval of the Governor in Council.

Governor of the Bank of Canada
Gouverneur de la Banque du Canada
Incumbent
Tiff Macklem

since June 3, 2020
Bank of Canada
Reports toMinister of Finance
SeatOttawa, Ontario
AppointerBoard of Directors
with Governor in Council approval
Term lengthSeven years, renewable
Constituting instrumentBank of Canada Act
Formation1934
First holderGraham Towers
DeputySenior Deputy Governor
Websitewww.bank-banque-canada.ca//

Tiff Macklem serves as the current governor. He assumed office on June 3, 2020.[3]

Roles and responsibilities


Governors and Senior Deputy Governors of the Bank of Canada


List of Governors of the Bank of Canada[4]
No. Name Term
1 Graham Towers 1934  1954
2 James Coyne 1955  1961
3 Louis Rasminsky 1961  1973
4 Gerald Bouey 1973  1987
5 John Crow 1987  1994
6 Gordon Thiessen 1994  2001
7 David A. Dodge 2001  2008
8 Mark Carney 2008  2013
9 Stephen Poloz 2013  2020
10 Tiff Macklem 2020  present

Senior Deputy Governors of the Bank of Canada

List of Senior Deputy Governors of the Bank fo Canada[4]
No. Name Term
1 John Robert Beattie 1970  1971
2 Gerald Bouey 1972  1973
3 R. William Lawson 1973  1984
4 John Crow 1984  1987
5 Gordon Thiessen 1987  1994
6 Bernard Bonin 1994  1999
7 Malcolm Knight 1999  2003
8 Paul Jenkins 2003  2010
9 Tiff Macklem 2010  2014
10 Carolyn Wilkins 2014  2020
Note: The position of Senior Deputy Governor was created in 1970, with its responsibilities previously divested in one or more Deputy Governors.[4]

See also


References


  1. Canada, Government of (November 20, 2017). "Organization Profile - Bank of Canada". appointments.gc.ca. Retrieved March 28, 2020.
  2. "BANK OF CANADA ACT" (PDF).
  3. "Tiff Macklem Appointed Governor of the Bank of Canada". www.bankofcanada.ca. Retrieved June 23, 2020.
  4. "Historical Leadership at the Bank of Canada". www.bankofcanada.ca. Retrieved March 28, 2020.