Governor of the Bank of Canada

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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//

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.

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

Roles and responsibilities[edit]

Governors and Senior Deputy Governors of the Bank of Canada[edit]

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 S. Poloz 2013 – 2020
10 Tiff Macklem 2020 – present

Senior Deputy Governors of the Bank of Canada[edit]

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 – present
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[edit]

References[edit]

  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. ^ a b c "Historical Leadership at the Bank of Canada". www.bankofcanada.ca. Retrieved March 28, 2020.