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 ?
The central bank of Canada has increased its overnight lending rate.
A currency swap deal worth 200 billion yuan is signed by China's central bank with the central bank of Canada.
The Canadian dollar lost value after the central bank of Canada kept its interest rate unchanged.
The central bank of Canada has maintained its key rate unchanged.
The chief of the central bank of Canada has warned that instability in the world's monetary systems could lead to bigger problems.
The head of the central bank of Canada, Stephen Poloz, has said that monetary policy needs to adapt to new or unexpected global threats.
The central bank of Canada, Bank of Canada, has increased its key interest rate.
The central bank of Canada has announced that it has maintained its key lending rate.
The central bank of Canada has said that a crash of the shadow banking system in China could also seriously affect the Canadian banking system.

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