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A group of Economics STUdents put their classroom learning to work by taking on the role of policy advisors at this year’s Bank of Canada Governor’s Challenge. STU was one of few Atlantic universities chosen to compete at the event.

 

The Governor’s Challenge invites university teams to analyze real economic data and present policy recommendations to the Bank of Canada. This year’s case focused on international trade and the impact of U.S. tariffs on the Canadian economy.

 

Third-year STUdent Caitlyn Steeves described the challenge as incredibly rewarding.

 

“It felt like all my years of hard work came together, and it gave me more confidence in my public-speaking and academic abilities.”

 

Applying Classroom Knowledge to Real World Events

 

The STU team spent weeks analyzing indicators such as inflation, unemployment, and trade flows—preparation they said was made easier by the coursework they completed with Economics professor Dr. Fariba Solati.

 

“Participating in the Governor’s Challenge deepened our understanding of economics by linking many macroeconomic concepts to real policy decisions,” said fourth-year STUdent Elias Stiphout.

 

“Synthesizing real data, defending our recommendations, and presenting to actual central bankers pushed me out of my comfort zone and showed me what I’m capable of.”

 

Steeves said the experience was also shaped by the teamwork behind the scenes.

 

“Working with such an amazing team played a huge role in the experience,” she said.

 

“It was rewarding to see our presentation come together after hours of research, practice, and preparation.”

 

Third-year STUdent Yamile Asbun encouraged other STUdents to take part in the challenge.

 

“I strongly encourage students interested in economics or policymaking to take advantage of this opportunity,” she said.

 

“It’s a chance to learn about interest rate decisions, analyze the federal budget and Canada’s trade, and build public speaking skills in a competitive setting.”

 

Team Members

Team Lead

Elias Stiphout — Fourth-year Honours in Economics

 

Researchers/Presenters

Caitlyn Steeves — Third-year Honours in Economics

Yamile Asbun — Third-year Honours in Political Economy

Thomas Blizzard — Fourth-year Major in Economics