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The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]
Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate
The Provincial Bank of Canada (French: Banque provinciale du Canada) was a Canadian bank that existed from 1861 to 1979. The bank was founded in Montreal as the Banque Jacques-Cartier, and on 7 May 1900 changed its name to the Banque provinciale. [1] [2] [3] [4]
For a temporary period following Confederation in 1867, Province of Canada notes served as the Dominion of Canada's first national currency, and notes were dispatched from Ontario and Quebec to the other provinces. In 1870, the first Dominion of Canada notes were issued in denominations of 25¢, $1, $2, $500 and $1,000. $50 and $100 notes ...
In 1968, Banque Canadienne Nationale was one of the four original banks to form CHARGEX Ltd. through a licence from BankAmericard, providing Canada with its first interbank credit card. [ 7 ] In 1979, Banque Canadienne Nationale and the Provincial Bank of Canada (Banque provinciale du Canada), another Quebec-based bank, joined to form the ...
Exchange Bank of Canada (EBC; French: Banque de change du Canada) is a Schedule 1 domestic bank in Canada. [1] EBC is a subsidiary of Currency Exchange International and specializes in wholesale foreign exchange solutions to financial institutions and businesses. [2]
The governor of the Bank of Canada (French: gouverneur de la Banque du Canada) is the chief executive officer of the Bank of Canada and acts as chair of its board of directors. [1] The Bank of Canada Act , 1985, S. 6(1), [ 2 ] provides that the governor and deputy governor shall be appointed by the directors with the approval of the Governor ...
The Canada Infrastructure Bank (French: Banque de l'infrastructure du Canada) (CIB) is a federal Crown Corporation of Canada tasked with financially supporting revenue-generating infrastructure projects that are "in the public interest" by catalyzing private investment through methods such as direct investment and public-private partnerships.