The Bank of Canada is pleased to announce the University of Ottawa has won the tenth 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 1, 2025.

Six teams competed in the final round, each one giving a presentation on the economic outlook for Canada and making a monetary policy recommendation to a panel of senior central bank officials.

The other finalists, in no particular order, were the teams from:

  • Université de Sherbrooke
  • University of Guelph
  • University of Alberta
  • Wilfrid Laurier University
  • Western University

The competition began on November 13, 2024, with a first round of presentations; more than 100 students from 26 Canadian universities participated. On November 25, six teams were selected to compete in the final round.

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, more than 60 participants have joined the Bank.

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