The Governor’s Award provides financial support to academics who are recognized for their expertise and research in areas important to the Bank's core functions.
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We were founded as Canada's central bank in 1934 and opened our doors in March 1935. In 1938, we became a Crown corporation belonging to the federal government. The Bank of Canada Act has been amended several times, but the preamble to the Act has not changed.
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Bank of Canada Governor's Award
Aim and Benefits of Bank of Canada Governor's Award
The award consists of a $30,000 annual research grant for a term of up to two years, subject to an annual review and confirmation process.
Requirements for Bank of Canada Governor's Award Qualification
Governor’s Award nominees are required to:
- Be Canadian citizens, permanent residents of Canada, or be otherwise legally permitted to work in Canada
- Conduct and support research in Economics or Finance in Canada (nominations where the majority of the research is in Canada could also be considered)
- Have obtained a PhD within ten years of their nomination
- Be employed by a Canadian university in an associate or assistant professor position during the term of the Award
Interview date, Process and Venue for Bank of Canada Governor's Award
Eligible nominees will be considered by the Fellowship Nominating Committee. This Committee provides recommendations to the Bank's Governing Council who select the final recipient(s). For more information, refer to the Fellowship Nominating Committee Terms of Reference.
The criteria used to assess eligible nominations includes:
- demonstrated excellence and innovation in the nominee’s work as indicated by publications and forthcoming articles in high impact peer-reviewed journals as well as citations and references (i.e., commentaries/critiques), working papers, other research outputs, including books and book chapters, research grants and awards, and recognition by peers
- demonstrated leadership within the discipline and/or academic institution(s) as indicated by mentoring, committee roles, collaboration, contribution to the education and development of new researchers, etc.
- applicability to Bank of Canada policy development or research, as indicated in a match of the nominee's written work and research plan with Bank plans and priorities; and as expressed in the nomination materials
Recipient terms and conditions
Recipients of the Governor’s Award will be required to abide by these and other terms and conditions. More detailed information will be provided to recipients and their nominating universities.
Collaboration with Bank researchers
- Recipients are expected to collaborate periodically with Bank research staff by, for example, co-authoring papers, conducting seminars, commenting on research papers or proposals, etc.
Learning Exchange
- Recipients will be invited to participate in an annual Learning Exchange during the term of their award at the Bank of Canada’s Head Office in Ottawa, or at such place as determined by the Bank.
- The next Learning Exchange is scheduled to take place in early May 2024.
Annual review and confirmation
- The Governor’s Award is subject to an annual review and confirmation by the Bank’s Governing Council. This happens in the fall of the first year and includes providing an update of the recipient’s research plan. Recipients will be contacted by the Governance Office with the requirements.
Publicity
- Governor’s Award recipients are required to grant permission to the Bank of Canada to publicly communicate their names and qualifications.
Application Deadline
November 30, 2023
How to Apply
For more details, visit Bank of Canada website.
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