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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 ]
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 ...
January 16, 2025 – Former governor of the Bank of Canada Mark Carney announces his candidacy for the Liberal leadership. [ 48 ] [ 62 ] January 17, 2025 — Former finance minister Chrystia Freeland confirms her candidacy for the Liberal leadership in a social media post, with a formal campaign launch scheduled for January 19.
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Mark Joseph Carney (born March 16, 1965) is a Canadian economist and politician who was the 8th governor of the Bank of Canada from 2008 to 2013 and the 120th governor of the Bank of England from 2013 to 2020.
The Federal Reserve held interest rates steady Wednesday as policymakers weigh the direction of inflation and the potential effect of economic policies expected from the new Trump administration.
TD Bank merged with Canada Trust, which was for a long time the largest trust in Canada, thus vaulting TD into the number two spot. [23] While there were no major changes to Bank of Montreal, CIBC's first unsuccessful foray into the US market led it to shed its assets there, dropping it to the number five spot.