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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]
February 13 – People's Party of Canada leader Maxime Bernier announces he will run in Beauce again. [116] March 4 – Green Party of Canada co-leader Jonathan Pedneault announces he will run in Outremont. [117] March 9 – The 2025 Liberal Party of Canada leadership election is scheduled to conclude with the announcement of a new leader. [118]
The bank was founded in Montreal in 1873 as the Banque d'Hochelaga and began operations the following year. In 1924, the bank renamed itself the Banque Canadienne Nationale after it took over the Banque nationale. In 1979, it merged with the Provincial Bank of Canada to form the National Bank of Canada. [1]
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 bank sold EDULINX Canada Corporation to Nelnet Canada Inc., the Canadian unit of Nelnet, Inc., in late 2004. Li Ka Shing was the largest foreign shareholder in the bank for over two decades, but in early 2005 he sold his portion (est. CA$1.2 billion) to establish a Canadian charity, the Li Ka Shing Foundation.
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 Bank of Canada Museum (French: Musée de la Banque du Canada; since July 2017), formerly known as the Currency Museum (French: Musée de la monnaie), opened in 1980 on the ground floor of the Bank of Canada building in Ottawa, Ontario. Temporarily closed in 2013 for major building renovations, the museum reopened in a new space on July 1 ...
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.