Gordon Thiessen

Former Governor (1994 - 2001)

Mr. Thiessen was appointed Governor of the Bank of Canada on 1 February 1994, for a term of seven years, retiring on 31 January 2001.

Born in South Porcupine, Ontario, Mr. Thiessen grew up in a number of different towns in Saskatchewan. After graduating from high school in Moosomin, Saskatchewan, he worked for a chartered bank in that province.

Mr. Thiessen studied economics at the University of Saskatchewan and received an Honours BA in 1960 and an MA in 1961. The following year he lectured in economics at the university. From 1965 to 1967 he attended the London School of Economics, from which he received his PhD in Economics in 1972.

He joined the Bank of Canada in 1963 and worked in both the Research and the Monetary and Financial Analysis Departments of the Bank. Mr. Thiessen spent the period from 1973 to 1975 as a visiting economist at the Reserve Bank of Australia.

At the Bank of Canada, Mr. Thiessen was successively appointed Adviser to the Governor in 1979, Deputy Governor in 1984, and Senior Deputy Governor in 1987. He has been a member of the Board of Directors of the Bank and of its Executive Committee since his appointment as Senior Deputy Governor.

In 1996, the government of Sweden awarded Mr. Thiessen the Order of the Polar Star in recognition of the assistance provided by the Bank of Canada to the Swedish central bank. In 1997, Mr. Thiessen received an honourary Doctor of Laws degree from the University of Saskatchewan.

Past Governors of the Bank

Read about past governors of the Bank of Canada since 1934 in the Bank's history section.


January 22, 2001 Canada's Economic Future: What Have We Learned from the 1990s?

Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario
In early 1994, Canada's economic situation was not that favourable - our economy was facing some rather serious problems. Today, too, we face some challenges. But our overall economic and financial situation is much stronger now than it was seven years ago.
Content Type(s): Press, Speeches

December 4, 2000 Why a Floating Exchange Rate Regime Makes Sense for Canada

Remarks Gordon Thiessen Chambre de commerce du Montréal métropolitain Montréal, Quebec
One of the issues that has often surfaced over the years is the exchange rate for the Canadian dollar. Indeed, over the past couple of years, it has been a topic of considerable public discussion.
Content Type(s): Press, Speeches

November 9, 2000 Release of the Monetary Policy Report

Opening Statement Gordon Thiessen
Content Type(s): Press, Speeches

October 17, 2000 Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000

Lecture Gordon Thiessen Faculty of Social Science, University of Western Ontario
Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory.
Content Type(s): Press, Speeches

September 14, 2000 The Outlook for the Canadian Economy and the Conduct of Monetary Policy

Remarks Gordon Thiessen Calgary Chamber of Commerce Calgary, Alberta
Today, I would like to bring you up to date on the Bank of Canada's views about the outlook for the Canadian economy. Prospects for the period ahead are generally very favourable.
Content Type(s): Press, Speeches

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