The Governor’s Challenge: A Decade of Success

The Governor’s Challenge (GC) by the Bank of Canada marked its tenth year as a successful outreach and education initiative, designed to strengthen public understanding of macroeconomics and monetary policy. Since its launch in 2015–16, the competition has engaged more than 30 universities from all ten provinces, offering undergraduate students a rigorous experiential learning opportunity grounded in economic analysis and real‑world policy formulation. Teams develop and defend a monetary policy recommendation, integrating global and domestic outlooks, risk assessments, and econometric modelling—skills that mirror the analytical work of Bank staff. The GC’s structure, featuring a virtual first round and an in‑person national final at the Bank, fosters broad participation while providing finalists with immersive exposure to the policy environment.