Paper Details

The Bank of Canada

This is a 5 page paper discussing the history, function and significance of the Bank of Canada. The Bank of Canada was founded in 1934 as a privately owned corporation and became a Crown corporation in 1938 belonging to the federal government. Since 1938, the Minister of Finance holds the entire share capital issued by the Bank although the Bank of administered by a Governor and a Board of directors. The original Bank of Canada Act of 1934 defines the central role of the Bank of Canada is to “promote the economic and financial well-being of Canada” and the four main responsibilities of the Bank are monetary policy, central banking services, bank notes and administering public debt. Bibliography lists 6 sources.

File: D0_TJCanIn1.rtf

Send Me This Paper
Back to Results
Back to top