Definitions for "Bank of Canada"
Related Terms:
Central bank, Reserve bank of australia, State bank, Federal reserve bank, National bank, Federal reserve system, Office of the comptroller of the currency, Federal reserve, Ibf, Bank of england, Comptroller of the currency, Bank for international settlements, Member bank, Lender of last resort, Federal deposit insurance corporation, Federal reserve board, Fed, Frb, Bridge bank, American bankers association, Canadian payments association, Office of the superintendent of financial institutions, Canada deposit insurance corporation, Frs, Cpa, Correspondent bank, Monetary aggregates, Bba, Eurodollar, Clearing bank, Fdic, Reserve requirement, World bank, Eurodollars, Monetary base, Reserve requirements, Bank, National automated clearing house association, Federal open market committee, Firrea, Mutual savings bank, Cdic, Ecb, Ibrd, International bank for reconstruction and development, International monetary fund, Fomc, Regulator, Psb, Occ
The Canadian Central Bank bankofcanada.ca
federal agency which controls interest rates and the money supply in Canada. It influences interest rates by setting rates on short-term loans that it makes to chartered banks. See also interest rates.
a Crown corporation that serves as the country's central bank and which is responsible for monetary policy and for protecting the external value of Canada's currency.
Canada's central bank. The Bank of Canada is responsible for Canadian monetary policy, issuing bank notes, regulating and supporting Canada's principal systems for clearing and settling payments, and acting as fiscal agent for federal government debt.
The central bank of Canada, founded in the 1930s to facilitate the functioning of the financial system. The Bank of Canada issues and removes bank notes, acts as the federal government's financial advisor on debt management and foreign exchange, and conducts monetary policy to regulate the growth of the country's money supply and influence interest rates.
( Banque du Canada). Canada's central bank. It is responsible for Canadian monetary policy, issuing bank notes, regulating and supporting Canada's principal systems for clearing and settling payments, and acting as fiscal agent for federal government debt. For more information, visit the Bank of Canada Web site.
Canada's central bank, responsible for regulating the supply of credit and currency. It also assists in the management of the public debt and of the government's foreign currency reserves. It is the sole issuer of paper currency for circulation. The central bank system of the United States is called the Federal Reserve System. The Federal Reserve Board performs the same functions as the Bank of Canada and, in addition, plays an important role in the supervision of the U.S. banking system.
Canada's central bank founded in 1934 responsible for monetary policy, bank notes, etc., but does not provide banking services to the public. Its principal role is defined by the Canadian Banking Act as: "to promote the economic and financial welfare of Canada". See the Bank of Canada website for more information.
The country's central bank, which formulates and implements monetary policy. As the federal government's fiscal agent, it also helps carry out the government's borrowing program, provides banking services for the government and other clients and ensures that the need for bank notes across the country is met.
The Bank of Canada was formed in the 19th century as one of the many early banks in Canada. However, it ceased operations in 1858 and the chartered for the bank was bought by William Mc Master in 1866 and renamed the Canadian Bank of Commerce, later became CIBC.