Sylvain Leduc

Former Deputy Governor (2016 – 2018)


Sylvain Leduc served as Deputy Governor of the Bank of Canada from May 2016 until July 2018. In this capacity, he was one of two deputy governors responsible for overseeing the Bank’s analysis and activities in promoting a stable and efficient financial system. 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.

Before his appointment to the Bank of Canada, Mr. Leduc served as Vice President, Microeconomic and Macroeconomic Research at the Federal Reserve Bank of San Francisco—a position he held since 2013. From 2008 until his appointment as Vice President, he worked as a Research Advisor at the San Francisco Fed. He has also worked as a Senior Economist in the Division of International Finance at the Board of Governors of the Federal Reserve System in Washington, D.C., and as a Senior Economist, Macroeconomic Research, at the Federal Reserve Bank of Philadelphia.

Born in Montréal, Quebec, Mr. Leduc received his bachelor’s and master’s degrees in economics from McGill University and obtained a PhD in economics from the University of Rochester. He has served as Editorial Advisor for the Canadian Journal of Economics.


May 31, 2018

A Progress Report on the Economy

Remarks Sylvain Leduc Association des économistes québécois and CFA Québec Québec, Québec
Deputy Governor Sylvain Leduc discusses the issues that led Governing Council to hold the policy interest rate at 1.25 per cent in their May 30 decision.
May 25, 2017

Upgrading the Payments Grid: The Payoffs Are Greater Than You Think

Remarks Sylvain Leduc Payments Canada Toronto, Ontario
Deputy Governor Sylvain Leduc discusses how upgrading Canada’s core payment systems will contribute to financial stability and help the Bank keep inflation on target.

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Staff working papers

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