The Bank of Canada has announced the six finalist teams in the 2024-25 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.
In previous years, five teams were selected for the final round. This year, the Bank is expanding the final to six teams in honour of the competition’s tenth year and to acknowledge the strength of economic thinking that teams displayed.
Congratulations to:
- Université de Sherbrooke
- University of Guelph
- University of Alberta
- Wilfrid Laurier University
- University of Ottawa
- Western University
With special mention to the runner-up teams:
- HEC Montréal
- Carleton University
- University of Toronto – Scarborough
The first round of this year’s competition took place November 13 and 14, 2024. More than 100 students from 26 Canadian universities participated. The final round will take place February 1, 2025.
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 Université de Sherbrooke won last year’s competition.
