Bank of Canada Announces First Recipient of Governor's Award

    OTTAWA, March 18 /CNW Telbec/ - The Bank of Canada today announced that
Professor Henry Siu of the University of British Columbia is the first
recipient of the Governor's Award.
    Professor Siu, an assistant professor in the Economics Department at the
University of British Columbia, is known for his work in the field of
macroeconomics. His current research focuses on two areas: the analysis of
business cycles, and the conduct of monetary policy and fiscal policy in the
face of economic shocks.
    "The Bank of Canada is pleased to recognize Professor Siu as the first
recipient of the Governor's Award," said Mark Carney, Governor of the Bank of
Canada. "At this early stage in his career, he has already demonstrated
significant accomplishments and shows great promise to make further
significant contributions to fields of study that are of interest to the
    The Bank of Canada Governor's Award was launched in September 2007 to
recognize outstanding academics at a relatively early stage in their careers
who are working at Canadian universities in areas of research critical to the
Bank's mandate: macroeconomics, monetary economics, international finance, as
well as the economics of financial markets and institutions, including their
financial stability.
    Each year, one Governor's Award will be granted for a two-year,
non-renewable term.

    The application deadline for the 2009 Governor's Award is 15 November
2008. For more information on the Governor's Award and the Bank's Fellowship
Program, visit or call 613 782-8888.

For further information:

For further information: Jeremy Harrison, (613) 782-8782

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