Bank of Canada

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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.
References in periodicals archive ?
Caption: Figure 15: The MPDR comparison of BOC (6, 1).
From Friday to Monday, ex-Laiki customers were able to access BoC ATMs with their old Laiki credit and debit cards, but only to view their accounts and make cash withdrawals from their primary account.
With the complaint, the BOC launched on September 2 an entrapment operation for the arrest of the suspects.
The BOC will conduct the audit after the Federation of Free Farmers Inc.
Appropriate charges are set to be filed against them, the BOC said.
To address this, the BOC will replace the E2M system by procuring a new system, or using different avenues such as foreign funding or loans or a build-operate-transfer scheme.
BOC Aviation's ratings were last reviewed during Fitch's aircraft-leasing peer review of 10 publicly rated firms on July 17, 2018.
In this paper, an algorithm for detecting the BOC signal is presented, using a long-period pseudo random sequence.
"In addition we offer a range of competitive deposit accounts, including fixed rate bonds," BoC said.
The huge vote of confidence in the future of the steelmaker - involving a PS25m investment from BOC - is one of the largest gas contracts awarded in the UK.
BOC aviation in second transaction with LION AIR BOC Aviation announced an agreement with PT Lion Mentari Airlines (OLion AirO) for four 737-800 aircraft and one 737-900ER for delivery this year and in 2015.
P-1 rating to the $10 billion Overseas Credit Certificate (OCC) Programme to be established by Bank of China Limited (BOC), Hong Kong Branch.