Authors: Research contributors
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Nicholas Labelle
Nicholas Labelle St-Pierre is a Senior Economist in the Projection Division of the Canadian Economic Analysis Department. His research interests include macroeconomics, monetary policy and payment clearing and settlement systems. Nicholas holds an MSc and a BSc in Economics from the University of Quebec in Montreal (UQAM) and has passed CFA Level III. -
Étienne Lessard
Etienne Lessard is a Director in the Financial Intermediation Risks Evaluation (FIRE) unit in the Financial Stability Department. -
Marc Larson
Marc Larson is Director of the Financial Risk Office in the Financial and Enterprise Risk Department of the Bank of Canada. -
Subrata Sarker
Subrata Sarker was appointed Managing Director of the Bank’s International Economic Analysis Department (INT), effective August 1st, 2025. -
Justin-Damien Guénette
Justin-Damien Guénette is the Director of the Overseas Economies Division in the International Department. -
Konrad Zmitrowicz
Konrad Zmitrowicz is a Senior Policy Advisor in the Canadian Economic Analysis Department (CEA). -
Jean-Philippe Dion
Jean-Philippe Dion is a Director in the Financial Markets Department at the Bank of Canada. -
Bo Young Chang
Bo Young Chang is a Principal Economist in the Financial Stability Department at the Bank of Canada.









