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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References in periodicals archive

"We look forward to retaining Putnam Lovell as a customer and welcome the National Bank of Canada to the building."

Canadians lease 34,000 s/f at Park Ave. tower

The adoption of inflation targeting in Canada on February 26, 1991, followed a three-year campaign by the Bank of Canada to promote price stability as the long-term objective of monetary policy.

Canada

Established in 1935, the bank of Canada for many years exercised its power over our money supply with commendable sensitivity to national needs.

Reforming the Bank of Canada

The Tax Court concurred with the Service's view and held that the individual had control over the interest payments made to the Royal Bank of Canada and thus was required to deduct and withhold U.S.

Withholding tax on foreign mortgages

ENPNewswire-August 30, 2019--National Bank of Canada becomes one of the first North American signatories of the UN Principles for Responsible Banking

National Bank of Canada becomes one of the first North American signatories of the UN Principles for Responsible Banking

Canada's central bank, Bank of Canada, has kept its interest rate steady.

Bank of Canada keeps rate steady

Global Banking News-December 20, 2018--Royal Bank of Canada named in Facebook privacy scandal

Royal Bank of Canada named in Facebook privacy scandal

M2 EQUITYBITES-December 20, 2018--Royal Bank of Canada named in Facebook privacy scandal

Royal Bank of Canada named in Facebook privacy scandal

National Bank of Canada owns approximately 24.9% of Maple Financial Group Inc., the parent of Maple Bank GmbH.

BaFin places moratorium on Maple Bank GmbH's activities