Timothy Lane
Timothy Lane was appointed Deputy Governor of the Bank of Canada, effective February 2009. In this capacity, he is responsible for overseeing the Bank’s analysis of international economic developments in support of monetary policy decisions. As a member of the Bank’s Governing Council, he shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.
Mr. Lane joined the Bank of Canada in August 2008 as an Adviser to the Governor. Prior to that, he served for 20 years on the staff of the International Monetary Fund (IMF) in Washington, DC. During that period, he held a series of positions with a combination of analytical, policy, and managerial responsibilities, and contributed to the IMF’s work on a number of countries. He has undertaken research on a wide range of topics, including monetary policy, financial crises, IMF reform, and economic transition. During 2004-05, Mr. Lane was an Oliver Smithies Visiting Fellow of Balliol College at the University of Oxford. He also served as Assistant Professor of Economics at Michigan State University (1984-88) and at the University of Iowa (1983-84).
Born in Ottawa, Mr. Lane received a BA (honours) from Carleton University in 1977 and a PhD in economics from the University of Western Ontario in 1983.
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“We are often at odds with our wise and loving Lord because the change he is working on is not the change we have dreamt about. We dream about change in it, while God is working in the midst of it to change us.”
“The change most needed in our lives isn't change in our situations and relationships but in us. The thing God is most intent on rescuing us from is ourselves.”
“My work with teenagers has convinced me that one of the main reasons teenagers are not excited by the gospel is that they do not think they need it. Many parents have successfully raised self-righteous little Pharisees. When they look at themselves, they do not see a sinner in desperate need, so they are not grateful for a Savior. Sadly, the same is true of many of their parents.”