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Bank of Canada Fellowship Program

The purpose of the Program is to foster excellence in Canadian research related to the Bank’s responsibilities for monetary policy, the financial system, currency and funds management. It promotes collaboration and partnerships between Bank researchers and leading academics at Canadian post-secondary institutions. It also contributes to the education and development of Canada’s researchers in fields related to the Banks’s core functions.

Areas of Research

Potential research topics include, but are not limited to:

  • macroeconomics, microeconomics and labour economics
  • financial system regulation
  • domestic and global financial systems
  • financial markets and institutions
  • international trade, growth and development
  • behavioural disciplines related to asset pricing and economic decision-making

Nomination Period

The nomination period for 2018 awards will be open from September 8 to November 10, 2017.

Fellowship Award

The Fellowship Award provides financial support to academics who are recognized for their expertise and research in areas important to the Bank's core functions.

The award consists of:

  • a research grant of $50,000 per year per recipient
  • a research expense allowance of $40,000 per year per recipient, for related research expenses and for research assistants
  • a sum of $5,000 for the university for administration of the award funds

The award is for a term of up to five years, and is subject to an annual review and confirmation process.

Universities may nominate one candidate per faculty/school (e.g., one nominee from their Business School and one from their Economics Department), for either of the Awards.

Please note that several of the recipients of the Fellowship and Governor’s Awards were nominated multiple times before being selected; thus, universities are encouraged to consider re-nominating leading academics who were previously unsuccessful.


Fellowship Award recipients are required to:

  • be Canadian citizens, permanent residents of Canada, or be otherwise legally permitted to work in Canada
  • conduct and support research in Canada
  • have obtained a PhD
  • be employed by a Canadian university in a tenure or tenure-track position during the term of the Fellowship Award



Interested parties are encouraged to consult with Danelle D'Alvise, Prizes & Awards Manager, regarding this award and the nomination process.

Phone: 905.525.9140 x27419