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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 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 ]
The Bank of Canada Act (French: Loi sur la Banque du Canada) is a statute that sets out the governance structure and powers of the Bank of Canada, which was created in 1934 as Canada's central bank. [1] Prior to 1934, Canada had no central bank and fragmented control of the banking system.
Louis Vachon CM (French: [lu.i vaʃɔ̃]; born 1962) is a Canadian banker, financier, and business executive.He is currently the chief executive officer of National Bank of Canada, the 6th largest bank in Canada.
In 1970, the bank acquired the Banque populaire, which had been founded in 1848 as the Caisse d'économie de Notre-Dame de Québec. In 1977 it acquired the Unity Bank of Canada, a small Toronto bank founded in 1972. It merged with the Banque Canadienne Nationale to form the National Bank of Canada in 1979. [5]
Toronto-Dominion Bank (French: Banque Toronto-Dominion), doing business as TD Bank Group (Groupe Banque TD), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
The Canada Deposit Insurance Corporation was created 4 March 1967 [1] (under Schedule III, Part 1 of the Financial Administration Act and Canada Deposit Insurance Corporation Act). It is similar to the Federal Deposit Insurance Corporation in the United States. Since 1967, 43 financial institutions have failed in Canada and all 43 were members ...
This is the only Bank of Canada series that includes $25 and $500 banknotes, [6] and the only series that includes the official seal of the Bank of Canada. [10] The $500 banknote was a "carry-over from Dominion of Canada bank notes", and is the only Bank of Canada banknote series to include this denomination. [6]