Sylvain Leduc was appointed Deputy Governor of the Bank of Canada, effective May 2016. In this capacity, he is one of two deputy governors responsible for overseeing the Bank’s analysis and activities in promoting a stable and efficient financial system. 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.
Before his appointment to the Bank of Canada, Mr. Leduc served as Vice President, Microeconomic and Macroeconomic Research at the Federal Reserve Bank of San Francisco—a position he held since 2013. From 2008 until his appointment as Vice President, he worked as a Research Advisor at the San Francisco Fed. He has also worked as a Senior Economist in the Division of International Finance at the Board of Governors of the Federal Reserve System in Washington, D.C., and as a Senior Economist, Macroeconomic Research, at the Federal Reserve Bank of Philadelphia.
Born in Montréal, Quebec, Mr. Leduc received his bachelor’s and master’s degrees in economics from McGill University and obtained a PhD in economics from the University of Rochester. He has served as Editorial Advisor for the Canadian Journal of Economics.