Business/Economics - learn from the smartest.
Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. It is directed by the Canadian Ministry of Finance; all profits go to the Receiver General of Canada.
Bank of Canada is one of 26,000 free short articles on Britannica Philippines
Find more information on Bank of Canada. Upgrade to Britannica Online for more on Bank of Canada.