Stephen S. Poloz

Governor

Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He is the current Chair of the BIS Audit Committee and former Chair of the Consultative Council for the Americas.

Born in Oshawa, Ontario, Mr. Poloz graduated from Queen’s University in 1978 with a bachelor’s degree in economics. He received a master’s degree in economics in 1979 and a PhD in economics in 1982, both from the University of Western Ontario. In 2017, he was awarded an Honorary Doctor of Laws degree from Trent University.

Mr. Poloz first joined the Bank of Canada in 1981 and occupied a range of increasingly senior positions over a 14-year span, culminating in his appointment as Chief of the Bank’s Research Department in 1992. After his departure from the Bank in 1995, he spent four years at BCA Research, where he served as managing editor of its flagship publication, The International Bank Credit Analyst.

Mr. Poloz joined Export Development Canada (EDC) in 1999 as Vice-President and Chief Economist. From 2008 to 2010, he was Senior Vice-President, Financing, with responsibility for all of EDC’s lending programs. In January 2011, he was appointed President and Chief Executive Officer of EDC, a position in which he served until his appointment as Governor of the Bank of Canada.

Mr. Poloz is a Certified International Trade Professional and a graduate of Columbia University’s Senior Executive Program. He has been a visiting scholar at the International Monetary Fund in Washington, D.C., and at the Economic Planning Agency in Tokyo, Japan. Mr. Poloz has taught economics at the University of Western Ontario, Concordia University and Queen’s School of Business. He is a past president of the Ottawa Economics Association.

Since 2013, Mr. Poloz has been a member of the Lawrence Centre Advisory Council and has served as chair of the Nominating Committee for the Community Foundation of Ottawa since 2014. He resides in Ottawa with his wife, Valerie. He has two children, Jessica and Nicholas, and he is a grandfather.

Contact

Stephen S. Poloz

Governor
Executive

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Past Governors of the Bank

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

Latest

April 24, 2019

Monetary Policy Report Press Conference Opening Statement

Opening Statement Stephen S. Poloz Ottawa, Ontario
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
Content Type(s): Press, Speeches
April 1, 2019

Poloz talks trade: Canada’s services a bright spot

Stephen S. Poloz Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium (NMS) Iqaluit, Nunavut
Stephen S. Poloz, Governor of the Bank of Canada, will speak before the Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium.
Content Type(s): Press, Speeches
April 1, 2019

Turbulent Times for Trade

Remarks Stephen S. Poloz Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium (NMS) Iqaluit, Nunavut
Governor Poloz talks about slowing international trade and how Canada’s rapidly growing services industries can help drive exports and growth.
Content Type(s): Press, Speeches
February 21, 2019

Toward 2021: The Power—and Limitations—of Policy

Remarks Stephen S. Poloz The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec
Governor Poloz explains that monetary policy is a powerful tool to promote economic welfare, but it also has some important limits.
February 21, 2019

Monetary policy brings benefits—but has limits

In his first speech of 2019, Governor Stephen S. Poloz explains that monetary policy is a powerful tool to promote our economic welfare. But he also notes that it has some key limits that need to be better understood in the face of uncertainty.

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