The Bank of Canada is pleased to announce that the University of British Columbia has won the eleventh annual Governor’s Challenge, a national student competition in which teams simulate the role of advisor to the Bank’s Governing Council. The winners were announced following the final round on Saturday, January 31.

Five teams competed in the final round, each giving a presentation on the economic outlook for Canada and making a monetary policy recommendation to a panel of senior central bank officials.

The team from Acadia University finished in the first runner-up spot. The other finalists, in no particular order, were the teams from the Université du Québec à Montréal, University of Toronto - St. George and University of Ottawa.

The competition began on November 12, 2025, with a first round of presentations by video conference; more than 100 students from 27 Canadian universities participated. On November 27, five teams were selected to compete in the final round.

The Governor’s Challenge invites undergraduate students in economics and finance to develop a deeper understanding of the Canadian economy and the Bank’s role in it. Since the first competition, over 70 participants have gone on to join the Bank.

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