The Bank of Canada promotes the economic and financial welfare of Canada through its activities in four main areas: monetary policy, currency, financial system stability, and funds management. The Bank’s Fellowship Program seeks to foster excellence in research and analysis and to develop partnerships with experts outside the Bank in areas important to the Bank’s mandate.

The Governor's Award provides funding to exceptional assistant and associate professors working at Canadian universities who have demonstrated the potential to make exemplary research contributions in their fields.

The award consists of a $25,000 research grant paid annually, directly to the recipient. The award is for a term of up to two years, and is subject to an annual review and confirmation process. Recipients of this award cannot apply for a second term.


Governor's Award recipients are required to:

  • be Canadian citizens, permanent residents of Canada or be otherwise legally permitted to work in Canada
  • conduct and support research in Canada 1
  • have obtained a PhD within 10 years of being nominated for the award
  • be employed by a Canadian university as an assistant or associate professor during the term of the award

Nomination documents must be received at the Bank by 14 November 2014.

  1. Nominations where the preponderance of the research is in Canada could also be considered []