Timothy Lane served as Deputy Governor of the Bank through 2022. He is McConnell Professor of Practice in the Max Bell School of Public Policy at McGill University for the 2024-25 academic year. He is also a Senior Fellow of the Centre for International Governance Innovation and the CD Howe Institute and an Executive in Residence at the Global Risk Institute.

As Deputy Governor, he participated in monetary policy decisions and held responsibilities that spanned the Bank’s economic and financial policy functions, including those related to the global economy and financial markets. He led the Bank’s work on payments modernization, digital finance, and the exploration of a potential central bank digital currency (CBDC). He served as the Bank’s G7 and G20 Deputy, participated in several international committees, and led international working groups on a number of financial system issues.

Prior to joining the Bank, he served for 20 years on the staff of the International Monetary Fund (IMF), where his work covered a wide range of issues and economies. He spent 2004-05 on leave from the IMF as a Visiting Fellow at the University of Oxford. Before joining the IMF, he served as Assistant Professor of Economics at Michigan State University and at the University of Iowa. He received his PhD from the University of Western Ontario.