Mr. Freedman served as a Deputy Governor of the Bank of Canada from September 1988 until his retirement from the Bank in September 2003. As a member of the Bank’s Governing Council, he shared responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.
Mr. Freedman joined the Bank of Canada’s Research Department in 1974. In 1978, he became Deputy Chief of the Department of Monetary and Financial Analysis and was named Chief of the department in 1979. He was appointed Adviser to the Governor in 1984.
Mr. Freedman was born in Toronto, Ontario. In 1963, he graduated from the University of Toronto with a bachelor of commerce degree, winning the Governor General’s Silver Medal. He then attended Oxford University on a Commonwealth Scholarship and received a bachelor of arts degree with honours. In 1970, he graduated from the Massachusetts Institute of Technology with a PhD in economics.