Post: | Governor |
Body: | the Bank of Canada |
Insigniasize: | 150px |
Incumbent: | Tiff Macklem |
Acting: | no |
Incumbentsince: | June 3, 2020 |
Department: | Bank of Canada |
Reports To: | Minister of Finance |
Seat: | Ottawa, Ontario |
Appointer: | Board of Directors |
Appointer Qualified: | with Governor in Council approval |
Termlength: | Seven years, renewable |
Constituting Instrument: | Bank of Canada Act |
Formation: | 1934 |
First: | Graham Towers |
Deputy: | Senior Deputy Governor |
Governor of the Bank of 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-General-in-Council.
Tiff Macklem serves as the current governor. He assumed office on June 3, 2020.[3]
The governor and deputy governor sign each series of Canadian banknotes and the governor is the ex-officio alternate voter on the International Monetary Fund.
1 | Graham Towers | 19341954 | |
2 | James Coyne | 19551961 | |
3 | Louis Rasminsky | 19611973 | |
4 | Gerald Bouey | 19731987 | |
5 | John Crow | 19871994 | |
6 | Gordon Thiessen | 19942001 | |
7 | David A. Dodge | 20012008 | |
8 | Mark Carney | 20082013 | |
9 | Stephen Poloz | 20132020 | |
10 | Tiff Macklem | 2020present |
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 |
11* | Carolyn Rogers[5] | 2021present |
Deputy Governor Timothy Lane assumed such duties as providing the Deputy Governor's signature for banknotes between the resignation of Carolyn Wilkins and the naming of Carolyn Rogers as Senior Deputy Governor.