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The 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. The ''
Bank of Canada Act The ''Bank of Canada Act'' (the Act) is a statute that sets out the governance structure and powers of the Bank of Canada, which was created in 1934 as Canada's central bank. Prior to 1934, Canada had no central bank and fragmented control of t ...
'', 1985, S. 6(1), provides that the governor and deputy governor shall be appointed by the directors with the approval of the
Governor in Council The King-in-Council or the Queen-in-Council, depending on the gender of the reigning monarch, is a constitutional term in a number of states. In a general sense, it would mean the monarch exercising executive authority, usually in the form of a ...
.
Tiff Macklem Richard Tiffany Macklem (born June 4, 1961), known as Tiff Macklem, is a Canadian banker and economist who serves as the 10th and current governor of the Bank of Canada. He was also the former dean of the Rotman School of Management and had pre ...
serves as the current governor. He assumed office on June 3, 2020.


Roles and responsibilities

* The governor and deputy governor sign each series of
Canadian banknotes Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are ...
. * The governor is ''ex-officio'' the alternate voter on the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
.


Governors and Senior Deputy Governors of the Bank of Canada


Senior Deputy Governors of the Bank of Canada


See also

* Crown corporation *
Governor of the Bank of England The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming their successor. The governor of the Ba ...
(UK) *
Chairman of the Federal Reserve The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chair shall preside at the meetings of the Boa ...
(US)


References

{{DEFAULTSORT:Governor Of The Bank Of Canada *
Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...