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Bank of Canada
(redirected from BOC)

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Bank of Canada
The central bank of Canada. It is structured as a Crown Corporation, which is theoretically owned by the Queen of Canada but is in practice by the Canadian federal government. The Bank of Canada sets the monetary policy for Canada, especially by key interest rates. Lowering and raising interest rates is how the Bank of Canada controls the amount of money in the economy. The Bank's goal in doing this is to keep inflation between 1% and 3% annually in order to promote sustainable growth. It is governed by the Board of Directors of the Bank of Canada and a Governor who is appointed by the Board.


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London, England 3/12/07--Linde has sold BOC Edwards's vacuum and semiconductor businesses to private equity firm CCMP Capital for [epsilon]685 million ($901.
Shares in industrial gases firm BOC jumped by more than 20% yesterday after the company said it had rejected a bid approach from German rival Linde.
BOC Gases, the industrial and special gases business of The BOC Group, will supply cylinder gases and on-site cylinder management services to the first manufacturing facility of TwinStar Semiconductor Incorporated - a joint venture between Texas Instruments and Hitachi.
 
 
 
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