Skip to content

[ Home ][1]

Search the site

Search __

[FR][2]

[ __Home ][3] Toggle navigation [FR][2] Toggle Search __

Search the site Search __

• [About The Bank ][4]

[About the Bank][4]

* [The Bank's History][5]
* [The Bank's Head Office][6]
* [Regional Offices][7]
* [Photos & Videos][8]
* [Contact][9]
* [Archives][10]
* [Background materials][11]

Corporate Governance

* [Board of Directors][12]
* [Governing Council and Senior Management][13]
* [Governance Documents][14]

[Educational Resources][15]

* [Explainers][16]
* [Financial Education Resources][17]

![Careers][18]

[

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]

[

Toward 2021

][28]

Reviewing the Monetary Policy Framework.

![Financial System Hub][29]

[

Financial System Hub

][30]

Promoting a stable and efficient financial system.

• [Markets ][31]

[Markets][31]

* [About Financial Markets][32]
* [Market Notices][33]
* [Term Repos][34]
* [Market Operations and Liquidity Provision][35]
* [Canadian Foreign Exchange Committee][36]
* [Canadian Fixed-Income Forum][37]
* [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]

* August 23, 2021 [Operational details for upcoming secondary market purchases of Government of Canada securities (August 30-September 10)][47]
* August 9, 2021 [Operational details for upcoming secondary market purchases of Government of Canada securities (August 16-27)][48]

[See More][46]

• [Bank Notes ][49]

[Bank Notes][49]

* [Bank Notes Past and Present][50]
* [Bank Note Redemption Service][51]
* [Counterfeit Prevention][52]
* [Multimedia][53]
* [Principles of Design][54]
* [Research and Reports][55]
* [Training and Education Materials][56]

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

[

The next bank NOTE-able Canadian

][58]

See the short list of portrait candidates for the next $5 bank note.

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

[

About legal tender

][60]

Find out what “legal tender” means, why legal tender status changes, and how to redeem older bank notes.

• [Publications ][61]

[Publications][61]

* [Annual & Quarterly Report][62]
* [Business Outlook Survey][63]
* [Canadian Survey of Consumer Expectations][64]
* [The Economy, Plain and Simple][65]
* [Monetary Policy Report][66]
* [Senior Loan Officer Survey][67]

[

Browse Publications

][68]

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

[Financial System Hub][69]

* [Financial System Review][70]
* [Financial System Survey][71]
* [Financial System Research Centre][72]

Historical Publications

* [Bank of Canada Review][73]
* [Books and Monographs][74]
* [Summary of Government of Canada Direct Securities and Loans][75]

![Monetary Policy Report][76]

[

Monetary Policy Report - July 2021

][77]

As the economy reopens after the third wave of COVID-19, growth should rebound strongly. The Bank is forecasting growth of about 6 percent this year, slowing to about 4 ½ percent in 2022 and 3 ¼ percent in 2023.

• [Research ][78]

[Research][78]

* [Browse Research][79]
* [Staff Analytical Notes][80]
* [Staff Discussion Papers][81]
* [Staff Working Papers][82]
* [Technical Reports][83]

People

* [Economic Staff][84]
* [Author List][85]

[Awards][86]

* [Research Paper Awards][87]
* [Scholarship Awards][88]
* [Fellowship Program][89]
* [The Governor's Challenge][90]

[Collaboration][91]

* [Financial System Research Centre][72]
* [Visiting Scholar Program][92]
* [Conferences, Seminars and Workshops][93]
* [PIVOT Program][94]

![Digital Currencies and Fintech][95]

[

Digital Currencies and Fintech

][96]

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

• [Press ][97]

[Press][97]

* [Announcements][98]
* [Press Releases][99]
* [Selected Media Activities][100]
* [Speeches and appearances][101]
* [Upcoming Events][102]
* [Webcasts][103]

[

Browse Press

][104]

Browse and filter Bank of Canada press content by topic, author, location and content type.

Info

* [Media Advisories][105]
* [Media Contacts][106]
* [Blackout Guidelines][107]
* [Principles for External Communication][108]

![][109]

![][110]

[

Monetary Policy Report - Press Conference (Webcasts) - July 2021

][111]

Release of the Monetary Policy Report - Press conference by Governor Tiff Macklem (11:00 (ET) approx.).

• [Statistics ][112]

[Statistics][112]

* [Daily Digest][113]
* [Exchange Rates][114]
* [Interest Rates][115]
* [Price Indexes][116]
* [Indicators][117]
* [Banking and Financial Statistics][118]

[Related Information][119]

* [Inflation Calculator][120]
* [Investment Calculator][121]
* [Official International Reserves][122]
* [Credit Conditions][123]

[

Staff Economic Projections

][124]

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

Search the site Toggle Search

• [Home][125]
• [Research][78]

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 2022 [Fellowship Award][126] and [Governor’s Award][127].

Nomination

The nomination period for the 2022 Fellowship Program Awards is open from September 1 to November 30, 2021.

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][78].

[![Deputy Governor Lawrence L. Schembri][128]][129]

We are pleased to promote exchange and collaboration with our researchers and outstanding academics who are advancing knowledge in the fields that support the Bank of Canada’s core functions.”

[Lawrence L. Schembri, Deputy Governor ][130]

Awards

The Fellowship Program offers two awards.

[

Fellowship Award

][131]

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

[

Governor’s Award

][132]

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

[

Award Recipents

][133]

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][134].

[ __][135][ __][136][ __][137][ __][138]

About

• [Contact][9]
• [Careers][139]
• [Press][97]
• [Educational Resources][15]

Affiliate Sites

• [Bank of Canada Museum][140]
• [Canada Savings Bonds][141]
• [Unclaimed Balances][26]

Legal

• [Terms & Conditions][142]
• [Privacy][143]
• [Access to Information & Privacy (ATIP)][144]
• [Info Source][145]
• [Fraud Prevention][146]

Follow the Bank

• [__Twitter][147]
• [__YouTube][148]
• [__Flickr][149]
• [__LinkedIn][150]
• [__RSS Feeds][151]
• [__Email Alerts][152]

We use [cookies][153] to help us keep improving this website.

[ Accept and continue ][153]

1. www.bankofcanada.ca/ (Home)
2. www.banqueducanada.ca/recherches/programme-de-bourses-de-recherche/
3. www.bankofcanada.ca/
4. www.bankofcanada.ca/about/
5. www.bankofcanada.ca/about/history/
6. www.bankofcanada.ca/about/bank-head-office/
7. www.bankofcanada.ca/about/contact-information/regional-offices/
8. www.bankofcanada.ca/about/photos-and-videos/
9. www.bankofcanada.ca/about/contact-information/
10. www.bankofcanada.ca/about/archives/
11. www.bankofcanada.ca/search/?content_type%5B%5D=background-materials
12. www.bankofcanada.ca/about/board-of-directors/
13. www.bankofcanada.ca/about/governing-council/
14. www.bankofcanada.ca/about/governance-documents/
15. www.bankofcanada.ca/about/educational-resources/
16. www.bankofcanada.ca/about/educational-resources/explainers/
17. www.bankofcanada.ca/about/educational-resources/financial-education-resources/
18. www.bankofcanada.ca/wp-content/uploads/2016/10/careers-menu.jpg
19. www.bankofcanada.ca/careers/ (Careers)
20. www.bankofcanada.ca/core-functions/
21. www.bankofcanada.ca/core-functions/monetary-policy/
22. www.bankofcanada.ca/core-functions/financial-system/
23. www.bankofcanada.ca/core-functions/currency/
24. www.bankofcanada.ca/core-functions/funds-management/
25. www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/
26. www.bankofcanada.ca/unclaimed-balances/
27. www.bankofcanada.ca/wp-content/uploads/2018/02/leadbg-red-500x250.jpg
28. www.bankofcanada.ca/toward-2021-renewing-the-monetary-policy-framework/ (Toward 2021)
29. www.bankofcanada.ca/wp-content/uploads/2018/11/FSHub-Banner-Image-500x250.jpg
30. www.bankofcanada.ca/core-functions/financial-system/financial-system-hub/ (Financial System Hub)
31. www.bankofcanada.ca/markets/
32. www.bankofcanada.ca/markets/about-financial-markets/
33. www.bankofcanada.ca/markets/market-notices/
34. www.bankofcanada.ca/rates/indicators/market-operations-indicators/term-repos/
35. www.bankofcanada.ca/markets/market-operations-liquidity-provision/
36. www.bankofcanada.ca/markets/canadian-foreign-exchange-committee/
37. www.bankofcanada.ca/markets/canadian-fixed-income-forum/
38. www.bankofcanada.ca/markets/canadian-alternative-reference-rate-working-group/
39. www.bankofcanada.ca/markets/government-securities-auctions/
40. www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/
41. www.bankofcanada.ca/markets/government-securities-auctions/#sched
42. www.bankofcanada.ca/markets/government-securities-auctions/#rules
43. www.bankofcanada.ca/markets/government-securities-auctions/#forms
44. www.bankofcanada.ca/markets/government-securities-auctions/#data
45. www.bankofcanada.ca/markets/government-securities-auctions/#def
46. www.bankofcanada.ca/?content_type=notices&post_type%5B0%5D=post&post_type%5B1%5D=page
47. www.bankofcanada.ca/2021/08/operational-details-securities-august-30-september-10/
48. www.bankofcanada.ca/2021/08/operational-details-upcoming-secondary-market-purchases-government-canada-securities-august-16-27/
49. www.bankofcanada.ca/banknotes/
50. www.bankofcanada.ca/banknotes/bank-note-series/
51. www.bankofcanada.ca/banknotes/bank-note-redemption-service/
52. www.bankofcanada.ca/banknotes/counterfeit-prevention/
53. www.bankofcanada.ca/banknotes/bank-notes-multimedia/
54. www.bankofcanada.ca/banknotes/principles-bank-note-design/
55. www.bankofcanada.ca/banknotes/bank-notes-research-reports/
56. www.bankofcanada.ca/banknotes/audience-specific-resources/
57. www.bankofcanada.ca/wp-content/uploads/2020/01/5_callout-500x250.jpg
58. www.bankofcanada.ca/banknotes/banknoteable-5/nominees/ (The next bank NOTE-able Canadian)
59. www.bankofcanada.ca/wp-content/uploads/2018/02/header-image-500x250.jpg
60. www.bankofcanada.ca/banknotes/about-legal-tender/ (About legal tender)
61. www.bankofcanada.ca/publications/
62. www.bankofcanada.ca/publications/annual-reports-quarterly-financial-reports/
63. www.bankofcanada.ca/publications/bos/
64. www.bankofcanada.ca/publications/canadian-survey-of-consumer-expectations/
65. www.bankofcanada.ca/publications/the-economy-plain-and-simple/
66. www.bankofcanada.ca/publications/mpr/
67. www.bankofcanada.ca/publications/slos/
68. www.bankofcanada.ca/publications/browse/ (Browse Publications)
69. www.bankofcanada.ca/core-functions/financial-system/financial-system-hub/
70. www.bankofcanada.ca/publications/browse/?content_type%5B%5D=542&content_type%5B%5D=858
71. www.bankofcanada.ca/publications/browse/?content_type%5B%5D=21664
72. www.bankofcanada.ca/research/financial-system-research-centre/
73. www.bankofcanada.ca/publications/boc-review/
74. www.bankofcanada.ca/publications/books-and-monographs/
75. www.bankofcanada.ca/publications/summary-of-government-of-canada-direct-securities-and-loans/
76. www.bankofcanada.ca/wp-content/uploads/2020/01/MPR-July-500x250-1579031508.jpg
77. www.bankofcanada.ca/2021/07/mpr-2021-07-14/ (Monetary Policy Report – July 2021)
78. www.bankofcanada.ca/research/
79. www.bankofcanada.ca/research/browse/
80. www.bankofcanada.ca/research/browse/?content_type%5B%5D=20191
81. www.bankofcanada.ca/research/browse/?content_type%5B%5D=33
82. www.bankofcanada.ca/research/browse/?content_type%5B%5D=31
83. www.bankofcanada.ca/research/browse/?content_type%5B%5D=35
84. www.bankofcanada.ca/research/economic-staff/
85. www.bankofcanada.ca/research/author-list/
86. www.bankofcanada.ca/research/?#awards
87. www.bankofcanada.ca/research/research-paper-awards/
88. www.bankofcanada.ca/careers/scholarship-awards/
89. www.bankofcanada.ca/research/fellowship-program/
90. www.bankofcanada.ca/research/governors-challenge/
91. www.bankofcanada.ca/research/?#collaboration
92. www.bankofcanada.ca/research/visiting-scholar-program/
93. www.bankofcanada.ca/research/conferences-workshops/
94. www.bankofcanada.ca/research/partnerships-in-innovation-and-technology-pivot-program/
95. www.bankofcanada.ca/wp-content/uploads/2017/05/digital-postcallout-500x250-1573688506.jpg
96. www.bankofcanada.ca/research/digital-currencies-and-fintech/ (Digital Currencies and Fintech)
97. www.bankofcanada.ca/press/
98. www.bankofcanada.ca/press/announcements/
99. www.bankofcanada.ca/press/press-releases/
100. www.bankofcanada.ca/press/selected-media-activities/
101. www.bankofcanada.ca/press/speeches/
102. www.bankofcanada.ca/press/upcoming-events/
103. www.bankofcanada.ca/press/speeches/webcasts/
104. www.bankofcanada.ca/press/browse/ (Browse Press)
105. www.bankofcanada.ca/press/media-advisories/
106. www.bankofcanada.ca/press/contacts/
107. www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/blackout-guidelines/
108. www.bankofcanada.ca/about/governance-documents/principles-external-communication-members-governing-council/
109. www.bankofcanada.ca/wp-content/uploads/2021/07/webcast-macklem-mpr-140721-500x250.jpg
110. www.bankofcanada.ca/wp-content/themes/parent-build/images/play-button.png
111. www.bankofcanada.ca/multimedia/mpr-press-conference-webcasts-july-2021/ (Monetary Policy Report - Press Conference (Webcasts) - July 2021)
112. www.bankofcanada.ca/rates/
113. www.bankofcanada.ca/rates/daily-digest/
114. www.bankofcanada.ca/rates/exchange/
115. www.bankofcanada.ca/rates/interest-rates/
116. www.bankofcanada.ca/rates/price-indexes/
117. www.bankofcanada.ca/rates/indicators/
118. www.bankofcanada.ca/rates/banking-and-financial-statistics/
119. www.bankofcanada.ca/rates/related/
120. www.bankofcanada.ca/rates/related/inflation-calculator/
121. www.bankofcanada.ca/rates/related/investment-calculator/
122. www.bankofcanada.ca/rates/related/international-reserves/
123. www.bankofcanada.ca/rates/related/credit-conditions/
124. www.bankofcanada.ca/rates/staff-economic-projections/ (Staff Economic Projections)
125. www.bankofcanada.ca
126. www.bankofcanada.ca/research/fellowship-program/fellowship-award/
127. www.bankofcanada.ca/research/fellowship-program/governors-award/
128. www.bankofcanada.ca/wp-content/uploads/2020/12/Larry-Schembri-16x9-350x197.jpg (Deputy Governor Lawrence L. Schembri)
129. www.bankofcanada.ca/wp-content/uploads/2020/12/Larry-Schembri-16x9.jpg (Deputy Governor Lawrence L. Schembri)
130. www.bankofcanada.ca/profile/lawrence-schembri/
131. www.bankofcanada.ca/research/fellowship-program/fellowship-award/ (Fellowship Award)
132. www.bankofcanada.ca/research/fellowship-program/governors-award/ (Governor’s Award)
133. www.bankofcanada.ca/research/fellowship-program/awards-recipients/ (Award Recipents)
134. www.bankofcanada.ca/privacy/protection-of-personal-information/
135. www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.bankofcanada.ca%2Fresearch%2Ffellowship-program%2F (Share this page on Facebook)
136. twitter.com/intent/tweet?text=Currently+reading%3A&url=https%3A%2F%2Fwww.bankofcanada.ca%2Fresearch%2Ffellowship-program%2F (Share this page on Twitter)
137. www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.bankofcanada.ca%2Fresearch%2Ffellowship-program%2F&title=Fellowship+Program (Share this page on LinkedIn)
138. mailto:?Subject=Fellowship%20Program&body=Currently%20reading%3A%20https%3A%2F%2Fwww.bankofcanada.ca%2Fresearch%2Ffellowship-program%2F (Share this page by email)
139. www.bankofcanada.ca/careers/
140. www.bankofcanadamuseum.ca/
141. csb.gc.ca
142. www.bankofcanada.ca/terms/
143. www.bankofcanada.ca/privacy/
144. www.bankofcanada.ca/about/contact-information/atip/
145. www.bankofcanada.ca/about/contact-information/atip/info-source/
146. www.bankofcanada.ca/2020/07/protecting-yourself-from-scams/
147. twitter.com/bankofcanada
148. www.youtube.com/user/bankofcanadaofficial
149. www.flickr.com/photos/bankofcanada/
150. www.linkedin.com/company/12682
151. www.bankofcanada.ca/rss-feeds/
152. www.bankofcanada.ca/email-alerts/
153. www.bankofcanada.ca/privacy/website-privacy-practices/