Economist or Senior Economist

Take a central role

The Bank of Canada has a vision to be a leading central bank—dynamic, engaged and trusted—committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment. 

Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.  

With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers:  Working Here - Bank of Canada

Find out more about the next steps in our Recruitment process. 

Did you know?  
Our regional offices are the eyes and ears of the Bank of Canada. Economic intelligence they obtain from Canadian businesses and households through surveys, industry consultations and other kinds of field research is crucial to bringing diverse perspectives into the work of the Bank and setting monetary policy. When shocks like a pandemic or a trade war hit the Canadian economy, this intelligence is crucial to achieving the best results for Canadians. 
 

What you will do 
The Canadian Economic Analysis Department (CEA) provides economic analysis and research that support the Bank’s monetary policy function. Within this department, the Survey and Economic Intelligence Division (SEID) works from the Bank’s regional offices to establish two-way engagement with Canadians. SEID conducts consultations and surveys, including the Business Outlook Survey, Business Leaders' Pulse, and the Canadian Survey of Consumer Expectations. Using intelligence from these and other sources, SEID conducts research and analysis to support monetary policymaking. 
 

SEID also builds and maintains a network of contacts in business, civil society, government and academia. This allows it to rapidly gather information on key economic developments. SEID communicates with this network to improve the public’s understanding of Bank policies. SEID also works closely with the Communications Department to support the Bank’s Governing Council in engaging with Canadians across the country.
 

The Calgary Regional Office's outreach area includes the Prairie provinces, Northwest Territories, and Nunavut. Under the general supervision of the Regional Director at the Calgary Regional Office, you will:

• play a key role in preparing and conducting business and consumer surveys, including taking part in survey interviews with firms across the region. 
• analyze the qualitative findings from field interviews and apply statistical methods to the analysis of current and historical survey data 
• contribute to the team’s current analysis and projections related to the region’s economy
• monitor developments in the oil and gas sectors, including supporting efforts to develop the outlook for oil and gas exports and capital expenditures. 
• gather regional and sectoral perspectives on economic developments and identify new data sources 
• conduct statistical/econometric analysis related to current economic conditions and issues and undertake longer-term research projects to advance the Department’s research priorities 
• build relationships with external parties to share knowledge, research and analysis 
• participate in communication activities to ensure that the Bank’s messages on monetary policy are understood

You will also carry out your work in a manner consistent with the organization’s core values and support the Regional Director in fostering a climate of transparency, collaboration, excellence, and continuous improvement at the regional office and among colleagues within and outside of the Bank.
 

What you need to succeed
You have a solid understanding of core micro- and macroeconomic fundamentals along with general knowledge of monetary policy formulation and implementation.  You have a basic understanding and interest in learning more about the economics of the oil and gas sector. Your experience in economic modelling allows you to analyze complex economic and financial data with statistical or programming software. You can communicate effectively both orally and in writing with a variety of audiences, including by making public presentations and actively participating in meetings with senior-level professionals. Your ability to organize work effectively and set priorities allows you to follow-through and complete projects in a timely manner and under tight deadlines. 
 

Nice-to-have 

• Expertise in the use of surveys and in analyzing survey-based data
• Knowledge of the Prairie provinces, Northwest Territories, and Nunavut economies and their industrial structure
• Experience in monitoring the oil and gas sector, including firms’ production and capital expenditures plans
• Familiarity with national and provincial accounts data and other publicly available data 
• A network of business, civil society, government or academic contacts in the region 

Your education and experience
The Economist position requires a Master’s degree in economics with a minimum of one year of relevant experience in economic analysis or in a field related to policy development, or an equivalent combination of education and experience may be considered.
 

The Senior Economist position requires a PhD in economics or a Master’s degree in economics with a minimum of four years of relevant experience in economic analysis or in a field related to policy development, or an equivalent combination of education and experience may be considered.

Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. Although the position language requirement is English or French essential, we do encourage everyone to improve second their language proficiency for future career growth and to contribute towards fostering a bilingual environment.

What you need to know

• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• Relocation assistance may be provided, if required
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

Hybrid Work Model

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider. 

• Flexible and comprehensive benefits so you can choose the level of health, dental disability and life and/or accident insurance coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Indexed, defined-benefit pension

Economist
Candidates whose experience and/or educational background may not be at the Senior Economist level will be considered for a position within the accelerated progression stream program (P1-P2). This program allows employees to acquire the skills they need over a number of years to reach the working level of a Senior Economist at the job grade 17. 

• Salaries are based on qualifications and experience and typically range from $76,852 to $91,475 (job grade P1-P2).
• During the progression, you are not eligible for performance pay. Instead performance is rewarded via a faster rate of progression through the salary range.  
   

Senior Economist

• Salaries are based on qualifications and experience and typically range from $108,874 to $128,087 (job grade 17)
• The Bank offers an incentive for successfully meeting expectations at 7 to 10% of your base salary. The Bank offers additional performance pay (5%) for those who exceed expectations. Exceptional performers who far exceed expectations may be eligible for higher performance pay.

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.