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• [About The Bank ][4]

[About the Bank][4]

* [The Bank's History][5]
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* [Board of Directors][12]
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* [Governance Documents][14]

[Educational Resources][15]

* [Explainers][16]
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[ ![Careers][18] ][19]

[Careers][19]

Take a central role at the Bank of Canada with our current opportunities and scholarships.

• [Core Functions ][20]

[Core Functions][20]

* [Monetary Policy][21]
* [Financial System][22]
* [Currency][23]
* [Funds Management][24]

Featured Links

* [Key Interest Rate: Target for the Overnight Rate][25]
* [Unclaimed Balances][26]

[ ![Toward 2021][27] ][28]

[Toward 2021][28]

Reviewing the Monetary Policy Framework.

[ ![Financial System Hub][29] ][30]

[Financial System Hub][30]

Promoting a stable and efficient financial system.

• [Markets ][31]

[Markets][31]

* [About Financial Markets][32]
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* [Term Repos][34]
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* [Canadian Foreign Exchange Committee][36]
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* [Canadian Alternative Reference Rate Working Group][38]

[Government Securities Auctions][39]

* [Calls for Tenders and Results][40]
* [Schedules and Results][41]
* [Rules and Terms][42]
* [Forms and Certificates][43]
* [Data][44]
* [Definitions and Formulas][45]

[ Market Notices ][46]

September 8, 2020

[Operational details for upcoming secondary market purchases of

Government of Canada securities (September 14-25)][47]

August 24, 2020

[Operational details for upcoming secondary market purchases of

Government of Canada securities (August 31-September 11)][48]

[See More][46]

• [Bank Notes ][49]

[Bank Notes][49]

* [Bank Notes Past and Present][50]
* [Bank Note Redemption Service][51]
* [Counterfeit Prevention][52]
* [Images][53]
* [Training and Education Materials][54]
* [Videos][55]

[ ![The next bank NOTE-able Canadian][56] ][57]

[The next bank NOTE-able Canadian][57]

Learn how the selection process for the portrait subject of the $5 note will unfold.

[ ![Upcoming changes to legal tender status for older bank notes][58] ][59]

[Upcoming changes to legal tender status for older bank notes][59]

Find out what removing legal tender status means and which bank notes are affected.

• [Publications ][60]

[Publications][60]

* [Annual & Quarterly Report][61]
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* [Business Outlook Survey][63]
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* [The Economy, Plain and Simple][65]
* [Financial System Hub][30]
* [Monetary Policy Report][66]
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* [Books and Monographs][68]

[Browse Publications][69]

Browse and filter Bank of Canada publications by author, JEL code, topic and content type.

Statistical Publications

* [Summary of Government of Canada Direct Securities and Loans][70]

[ ![Monetary Policy Report – July 2020][71] ][72]

[Monetary Policy Report - July 2020][72]

The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.

• [Research ][73]

[Research][73]

* [Browse Research][74]
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People

* [Economic Staff][79]
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[Awards][81]

* [Research Paper Awards][82]
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* [Fellowship Program][84]
* [The Governor's Challenge][85]

[Collaboration][86]

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* [Conferences, Seminars and Workshops][89]
* [PIVOT Program][90]

[ ![Digital Currencies and Fintech][91] ][92]

[Digital Currencies and Fintech][92]

Understanding digital currencies and related financial technologies is an important part of our research agenda.

• [Press ][93]

[Press][93]

* [Announcements][94]
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* [Selected Media Activities][96]
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Info

* [Media Advisories][101]
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* [Blackout Guidelines][103]
* [Principles for External Communication][104]

[ ![][105] ![][106] ][107]

[Canadian Chamber of Commerce - Speech (Webcasts)][107]

The uneven effects of COVID-19 on different sectors and people in the economy - Tiff Macklem, the Governor of the Bank of Canada, speaks by videoconference before the Canadian Chamber of Commerce. (12:30 (Eastern Time) approx.)

• [Statistics ][108]

[Statistics][108]

* [Daily Digest][109]
* [Exchange Rates][110]
* [Interest Rates][111]
* [Price Indexes][112]
* [Indicators][113]
* [Banking and Financial Statistics][114]

[Related Information][115]

* [Inflation Calculator][116]
* [Investment Calculator][117]
* [Official International Reserves][118]
* [Credit Conditions][119]

[Staff Economic Projections][120]

These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five- year lag.

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• [Home][121]
• [Research][122]

Fellowship Program

Find out the purpose of the Fellowship Program, the awards it offers and who to contact for more information.

The Bank of Canada invites Canadian universities to nominate exceptional academics for its 2021 Fellowship Program awards.

Nomination

The nomination period for the 2021 Fellowship Program Awards will be open from September 8 to November 30, 2020.

Purpose

The Fellowship Program is designed to encourage and foster excellence in research that relates to the Bank’s [core functions][20].

• It promotes collaboration and partnerships between Bank researchers and leading academics at Canadian post-secondary institutions.
• It also contributes to the education and development of Canada’s researchers in fields related to the Bank’s core functions.

See the Bank’s [current research priorities][73].

[![Deputy Governor Paul Beaudry][123]][124]

The need for closer ties between practitioners and academics is obvious in many areas–central banking is no exception. Our Fellowship Program is a great forum to achieve this goal. From experience as both a past fellow and a current policy maker, I can attest that this program is beneficial and rewarding to everyone involved.

[Paul Beaudry, Deputy Governor ][125]

Awards

The Fellowship Program offers two awards.

[Fellowship Award][126]

Annual research grants and expense allowances for a term of up to five years.

[Governor’s Award][127]

Annual research grants for a term of up to two years.

[Award recipents][128]

See all current and previous winners.

Contact Information

For more information, please email

Privacy Notice

Personal information collected by the Bank of Canada is protected under the Privacy Act. The information will be used to administer the Fellowship Program. For further information about the Bank of Canada’s privacy practices, please consult the [Bank’s General Privacy Policy][129].

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