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About The Bank

Forex Hound Team — Thu, 31 Jan 2008 06:13:00 EST

The Bank of Canada is the nation's central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada's monetary policy, bank notes, financial system and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."

Monetary Policy

Forex Hound Team — Wed, 30 Jan 2008 06:18:00 EST

Monetary policy is concerned with how much money circulates in the economy, and what that money is worth.

Bank Notes

Forex Hound Team — Tue, 29 Jan 2008 06:20:00 EST

The Bank of Canada is the country's sole bank note-issuing authority and is responsible for designing, producing, and distributing Canada's bank notes.

Financial System

Forex Hound Team — Mon, 28 Jan 2008 06:22:00 EST

These include banks, credit unions, and similar organizations. The Bank of Canada routinely provides "liquidity" to financial institutions that are participants in the financial system; that is, it lends them money overnight to facilitate the settlement of payments systems . As the "lender of last resort," the Bank also provides emergency liquidity to eligible institutions that face significant funding problems.

Funds Management

Forex Hound Team — Sun, 27 Jan 2008 06:28:00 EST

The Bank is the "fiscal agent" for the Government of Canada. The role of fiscal agent encompasses several responsibilities relating to the management of public funds: