Bank of Canada

The Bank of Canada, founded in 1934, serves as the nation's central bank dedicated to promoting the economic and financial welfare of Canada. Its primary responsibilities include managing monetary policy, ensuring financial system stability, issuing Canada’s bank notes, and overseeing the government’s public debt and foreign exchange reserves. The Bank employs a rigorous framework to control inflation and maintain economic stability, utilizing policy interest rates as a key tool for these purposes.

In addition to its monetary and financial functions, the Bank of Canada supervises payment service providers to enhance the safety and efficiency of retail payments. This includes fostering trust in payment services and mitigating risks for users. Furthermore, the Bank is actively working to understand and address the impacts of climate change on the economy, exemplifying its commitment to sustainability. By providing educational resources and conducting in-depth research, the Bank of Canada supports informed economic decision-making across the nation.