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 ?
We look forward to working with the Bank of Canada and organizations across the sector to build a more resilient, more robust financial system that better protects our customers against new threats.
This is not the first furore surrounding the new notes after the Bank of Canada was accused of racism after removing an image of an Asian-looking woman from the new $100 bills last August.
"We look forward to retaining Putnam Lovell as a customer and welcome the National Bank of Canada to the building."
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.
Established in 1935, the bank of Canada for many years exercised its power over our money supply with commendable sensitivity to national needs.
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.
ENPNewswire-August 30, 2019--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.
Global Banking News-December 20, 2018--Royal Bank of Canada named in Facebook privacy scandal
M2 EQUITYBITES-December 20, 2018--Royal Bank of Canada named in Facebook privacy scandal
National Bank of Canada arranged this refinancing in the capacity of lead arranger.
National Bank of Canada owns approximately 24.9% of Maple Financial Group Inc., the parent of Maple Bank GmbH.

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