The Bank of Canada has announced the five finalist teams in the 2019-20 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.University of British Columbia, coached by Jonathan Graves and Jesse PerlaUniversity of Calgary, coached by Paul SerletisLakehead University, coached by Rob Petrunia, Karl Skogstad and Mike ShannonMcGill University, coached by Markus Poschke and Francisco Alvarez-CuadradoWilfrid Laurier University, coached by Ke Pang and Wing Chan
With special mention to the runner-up teams:University of OttawaUniversity of Toronto (St. George Campus)University of Toronto (Mississauga Campus)
The Governor thanked all the students and professors who participated in the Governor’s Challenge. “This competition is an excellent opportunity for the next generation of economists and finance professionals to develop new skills and learn more about the important role of the Bank of Canada,” he said. The passion and ingenuity they bring to the table fills me with confidence that the future of our economy is in good hands.”The first round of this year’s competition took place November 20-21, 2019, with presentations delivered by video conference. More than 100 students from 24 Canadian universities participated. The final round will take place Saturday, February 8, 2020, at the Bank’s head office in Ottawa.Working in teams, students provided analysis and forecasts on developments in the economy. They then presented a monetary policy recommendation to keep inflation low and stable, in line with the Bank’s inflation target of 2 per cent. The judges evaluated teams on the substance of their analysis, the quality of their presentation and evidence of strong teamwork.The team from Wilfrid Laurier University won last year’s competition.
Notes for editors
Correction: This release has been updated to clarify that Jesse Perla (not Michael Devereux) was one of the faculty advisors for the team from the University of British Columbia.