February 16, 2021
The University of Alberta has won the Bank of Canada’s sixth annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council. The winners were announced following the final round on Saturday, February 13.
Governor Tiff Macklem congratulated all the participants on their grasp of the monetary policy-making process and encouraged them to consider a future career in the public service. “This is my first year taking part in the Governor’s Challenge, and I was thoroughly impressed with the calibre of presentations made by this next generation of bright economic minds,” he said. “You have so much to offer our country and I hope you consider harnessing your enthusiasm and dedication into a career that contributes to the economic well-being of Canadians.”
The Governor’s Challenge invites undergraduate students in economics and finance to develop a deeper understanding of the Canadian economy and the Bank’s role in it. Since the first competition, 39 participants have joined the Bank – one measure of the initiative’s success.
Five teams competed in the final round, each one giving a virtual presentation on the economic outlook for Canada and making a monetary policy recommendation to a panel of senior central bank officials.
The judges for the final round were Eric Santor and Sharon Kozicki, Advisors to the Bank of Canada Governor, and Sylvain Leduc, Executive Vice President and Director of Economic Research, Federal Reserve Bank of San Francisco.