About the Bank

David Longworth was appointed Deputy Governor of the Bank of Canada in April 2003. In this capacity, Mr. Longworth is one of two deputy governors responsible for issues related to promoting a stable and efficient financial system analyzed by the Financial Markets and Financial Stability departments. As a member of the Bank's Governing Council, he shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.

Born in Edmonton, Alberta, Mr. Longworth received a Bachelor of Science degree in Mathematical Statistics in 1973 and an MA in Economics in 1974, both from the University of Alberta. He also studied at the Massachusetts Institute of Technology, where he graduated with a PhD in Economics in 1979.

Mr. Longworth joined the Bank of Canada in 1974 in the Special Studies Division of the Research Department. In 1984, he was appointed Assistant Chief of the Special Studies and Balance of Payments divisions in the International Department. The following year he became Deputy Chief of the department. In 1987, Mr. Longworth moved to the Department of Monetary and Financial Analysis to become Research Adviser and, later, Chief. In 1996, he was appointed Chief of the Research Department, and in 2000, he was appointed Adviser to the Governor.