Governor of the Bank of Canada

Governor of the Bank of Canada
Gouverneur de la Banque du Canada
Incumbent
Tiff Macklem
since June 3, 2020
Bank of Canada
Reports toMinister of Finance
SeatOttawa, Ontario
AppointerBoard of Directors
with Governor in Council approval
Term lengthSeven years, renewable
Constituting instrumentBank of Canada Act
Formation1934
First holderGraham Towers
DeputySenior Deputy Governor
Websitebank-banque-canada.ca

Governor of the Bank of Canada (French: gouverneur de la Banque du Canada) is the chief executive officer of the Bank of Canada and acts as chair of its board of directors.[1] The Bank of Canada Act, 1985, S. 6(1),[2] provides that the governor and deputy governor shall be appointed by the directors with the approval of the Governor-General-in-Council.

Tiff Macklem serves as the current governor. He assumed office on June 3, 2020.[3]

  1. ^ "Organization Profile - Bank of Canada". Government of Canada. January 14, 2023. Retrieved March 28, 2020.
  2. ^ "Bank of Canada Act" (PDF).
  3. ^ "Tiff Macklem Appointed Governor of the Bank of Canada". Bank of Canada. May 1, 2020. Retrieved June 23, 2020.