Our team

Timothy served as Deputy Governor of the Bank of Canada from February 2009 until his retirement in September 2022. His responsibilities as Deputy Governor covered a series of different areas. From 2014 through July 2018, he was responsible for the Bank’s analysis of international economic developments in support of monetary policy decisions—serving as the Bank’s G7 and G20 Deputy.

Previously, he was responsible for overseeing the Bank’s work on financial markets (2010–13) and its analysis of Canadian economic developments (2009–10). Prior to joining the Bank, he served for 20 years on the staff of the International Monetary Fund (IMF) in Washington, DC. During that period, he worked on a wide range of issues and contributed to the IMF’s work on a number of countries.

Born in Ottawa, Timothy received a BA (Honours) from Carleton University in 1977 and a PhD in economics from the University of Western Ontario in 1983.