Bank of Canada
The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe and sound financial system within Canada. The Bank of Canada is the sole issuing authority of Canadian banknotes, provides banking services and money management for the government, and loans money to Canadian financial institutions. The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935.
Bank of Canada Building | |
| Headquarters | Bank of Canada Building Ottawa, Ontario |
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| Coordinates | 45.42088°N 75.702968°W |
| Established | 3 July 1934 (legal) 11 March 1935 (began operations) |
| Ownership | Minister of Finance on behalf of the Crown |
| Governor of the Bank of Canada | Tiff Macklem |
| Central bank of | Canada |
| Currency | Canadian dollar CAD (ISO 4217) |
| Reserves | 69 080 million USD |
| Bank rate | 5.00% |
| Interest on reserves | 3.25% |
| Website | www |
| Part of a series on the |
| Economy of Canada |
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| Economic history of Canada |
| Sectors |
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| Economy by province |
| Economy by city |
The Bank of Canada headquarters are located at the Bank of Canada Building, 234 Wellington Street in Ottawa, Ontario. The building also used to house the Bank of Canada Museum, which opened in December 1980 and temporarily closed in 2013. As of July 2017, the museum is now located at 30 Bank Street, Ottawa, Ontario, but is connected to the main buildings through the Bank of Canada's underground meeting rooms.