Lawrence Schembri became Deputy Governor of the Bank of Canada in 2013. In this role, he oversees the Bank’s analysis of domestic economic developments and shares responsibility for setting monetary policy in Canada.
Mr. Schembri first came to the Bank in 1997 as a visiting Research Advisor, on sabbatical from his post as associate professor of economics at Carleton University. He joined the Bank permanently in 2001 and was named Advisor to the Governor in 2010 —a position he held until his current appointment.
Mr. Schembri holds a PhD in Economics from the Massachusetts Institute of Technology. His published research has focused on exchange rates and monetary policy in open economies, the international monetary system and financial stability.