The Bank of Canada has named the five finalist teams for the 2025-26 Governor’s Challenge, an annual competition where university students act as advisors to the Bank’s Governing Council.
This year’s finalists are Université du Québec à Montréal (UQAM), University of Toronto – St. George, University of Ottawa, University of British Columbia, and Acadia University. Runner-up teams include Wilfrid Laurier University, Francis Xavier University, and University of Toronto – Scarborough.
The first round took place on November 12 and 13, 2025, with participation from over 100 students representing 27 Canadian universities. The final round is scheduled for January 31, 2026.
In this competition, student teams analyze economic trends and provide forecasts before presenting a monetary policy recommendation aimed at maintaining inflation near the Bank’s target of two percent. Teams are judged on their analysis, presentation quality, and teamwork.
Last year’s winner was the team from University of Ottawa.
