Criteria and Process

A Canadian university may nominate one or more candidates who meet the eligibility and criteria requirements of the Governor's Award.

The nominees will be considered by a Nominating Committee that will make recommendations to the Bank's Governing Council. The members of the Committee include a member of the Bank of Canada's Board of Directors (also Chair of the Committee); a former Governor, Senior Deputy Governor or Deputy Governor of the Bank; two former visiting Special Advisers; and two senior representatives from the Bank.

The Nominating Committee's consideration of eligible nominees will include the following selection criteria:

  • demonstrated potential to make exemplary research contributions in the specified fields as indicated by publications of refereed and other articles, other research outputs, citations to and commentaries/critiques of their work, awards, and recognition by peers and support of their university for the nomination
  • applicability to Bank of Canada policy development and/or research as indicated in a match of the nominees written work and research plan with Bank plans and priorities, and as expressed in the nomination material
  • potential to contribute to the education and development of new researchers

The Nominating Committee may recommend that no Governor's Award be awarded if, in its judgment, there is no suitable candidate.

The Governing Council will make the final decision. The announcement of the Governor's Award is at the end of March or in early April.