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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 ]
[6]: 4 In the mid-1980s, BICI-Tchad merged with Banque Internationale pour l'Afrique du Tchad, the local affiliate of Banque Internationale pour l'Afrique Occidentale (BIAO). [ 6 ] : 6 In 1989, the Banque Internationale pour le Commerce et l'Industrie du Niger (BICIN) in Niamey was acquired by the Nigerien affiliate of BIAO even as the BIAO ...
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]
The Business Development Bank of Canada (BDC; French: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.
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 ...
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.
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 ...