News

NOTE TO EDITORS: This press release has been revised to reflect the new date of the final round of The Governor’s Challenge, 4 February 2017.

The Bank of Canada announced the finalists for the 2016–17 edition of The Governor’s Challenge, a student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

On Thursday, 8 December 2016, the Minister of Finance and the Governor of the Bank of Canada will reveal which iconic Canadian woman will be featured on the next regularly circulating bank note, expected in 2018.

What is the role of central banks in financial stability? How has this role changed in recent years? Bank researchers share their insights on this matter and provide an overview of recent changes the Bank has made to its Emergency Lending Assistance Policy. Researchers also provide a history of four major commodity supercycles, dating back to the early 1900s. Finally, there is discussion about structural reforms in emerging-market economies, such as China, and how these reforms influence potential growth.

Deputy Governor Timothy Lane discusses the benefits and challenges of international capital mobility.

Deputy Governor Lawrence Schembri discusses the historical evolution and future prospects for Canadian exports.