David Longworth

Former Deputy Governor

David Longworth served as a Deputy Governor of the Bank of Canada from April 2003 until his retirement from the Bank in March 2010. As a member of the Bank’s Governing Council, he shared responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.

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 and was named Deputy Chief of the department the following year. In 1987, Mr. Longworth moved to the Department of Monetary and Financial Analysis to become Research Adviser and later, Chief. He was appointed Chief of the Research Department in 1996 and Adviser to the Governor in 2000.

Born in Edmonton, Alberta, Mr. Longworth received a bachelor of science degree in mathematical statistics in 1973 and a master’s degree 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.

Latest

17 February 2010 Bank of Canada Liquidity Facilities: Past, Present, and Future

Remarks David Longworth C.D. Howe Institute Toronto, Ontario
Thank you for inviting me here today. It is a pleasure to be with you. This afternoon, I would like to talk about liquidity and the role of the Bank of Canada.
Content Type(s): Press, Speeches

23 September 2009 Promoting Canada's economic and financial well-being

Remarks David Longworth Greater Summerside Chamber of Commerce Summerside, Prince Edward Island
The Bank's mandate is to promote Canada's economic and financial well-being. Clearly, this is an important mandate, and we are determined to demonstrate excellence as we work to fulfill it.
Content Type(s): Press, Speeches

12 March 2009 Financial System Policy Responses to the Crisis

Remarks David Longworth Financial Markets Association of Canada Toronto, Ontario
With your professional interests in foreign exchange, money markets, capital markets, and derivatives, I'm sure the past year and a half has been exciting and interesting – if those are the right words. We've been living through a period of astonishing financial turbulence, historic marketplace losses, and serious threats to financial stability.
Content Type(s): Press, Speeches

26 August 2008 Work in Progress: The Bank of Canada's Response to the Financial Turbulence

Remarks David Longworth Canadian Association for Business Economics Kingston, Ontario
The financial turbulence over the past year has been costly and difficult for many individuals and financial institutions; it's been challenging for policy-makers; and it's had implications for the overall economy.
Content Type(s): Press, Speeches

10 April 2008 Credit Markets, Financial Stability, and Monetary Policy

Remarks David Longworth Global Investment Conference Lake Louise, Alberta
Today, I'd like to discuss some of the crucial issues that we have been dealing with during this period. I'll begin with a brief overview of some key events that have led to the turbulence that continues to upset financial markets and that greatly contributed to the remarkably wide credit spreads that we now witness.
Content Type(s): Press, Speeches

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