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 ?
National Bank of Canada is proud to become a partner of Ronoc Asia/ONGO.
We look forward to retaining Putnam Lovell as a customer and welcome the National Bank of Canada to the building.
McClean will continue serving as a director on the board of Amex Bank of Canada.
John Crow served as Governor of the Bank of Canada for seven years, from 1987 to 1994.
Louis Vachon, president and CEO of National Bank of Canada, said, 'NSIA has an impressive track record, thanks to the leadership of its founder, Jean Kacou Diagou, and its sound business vision.
Carolyn Wilkins, senior governor of Bank of Canada, said that the bank, along with the federal government, has launched a review of payment systems in the nation.
These ratings also consider the stability, expertise and synergies the company receives from its ultimate parent, Royal Bank of Canada (RBC).
Owners of unclaimed accounts, or their heirs, may ask Bank of Canada for their money back.
The Bank of Canada also appointed Jean Boivin to a rotating role of special adviser starting in September.
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world.
The Bank of Canada and the US Fed have agreed to expand their swap facility to USD30bn, from the USD10bn that the two central banks agreed to on September 18, 2008.

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