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The government also imposed strict currency controls on exchanges with foreign currencies, particularly the United States dollar. Those measures lasted throughout the war, with some changes to the fixed exchange rates. [95] After the war ended, the government maintained the fixed rates and exchange controls for some years.
The number of fake Canadian bills rose as high as 117 PPM by 1997. In 2004 Canada's counterfeit rate had ballooned to 470 PPM. In 2012, the counterfeiting rate had fallen to its lowest point, at 28 PPM. It has since started modestly rising to 36 PPM in 2014. The Bank of Canada's medium-term planning target is to stay below 30 PPM. [8]
These are community currencies (also known as "local currencies") in Canada. Billet Local d'Échange (BLÉ; 2018–present; Québec City) Bow Chinook Hour (1996–2002; replaced by CalgaryDollars.ca – present) Brampton dollars (1973) Calgary Dollars (1996, 2002–present) [1] Chemainus Dollars (2010–2021) Chouenne (2021–present ...
The banks moved quickly in response to the central bank's rate hike and Monetary Policy Report Wednesday morning.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
The Bank of Canada is the sole issuing authority of Canadian banknotes, [7] [8] provides banking services and money management for the government, and loans money to Canadian financial institutions. [ 9 ] [ 10 ] The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935.
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The Canadian federal budget for fiscal year 2012–13 was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on 29 March 2012. Among the most notable elements of the federal budget were changes to Old Age Security and a reduction of the budget for the Canadian Forces and the Canadian Broadcasting Corporation.