Bank Of Canada

The Bank of Canada: Your Central Bank

What is the Bank of Canada?

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. Our main role is to promote the economic and financial welfare of Canada as defined in the Bank of Canada Act.

Our Core Responsibilities

The Bank of Canada has three core responsibilities:

• Conduct monetary policy to keep inflation low and stable
• Foster a stable and efficient financial system
• Manage Canada's foreign exchange reserves

We work closely with other government agencies, financial institutions, and businesses to achieve these objectives.

Our Values

The Bank of Canada is guided by the following values:

• Accountability
• Excellence
• Innovation
• Integrity
• Transparency

These values underpin everything we do and help us to deliver on our mandate.

Our History

The Bank of Canada was established in 1934 under the Bank of Canada Act. We are a Crown corporation, which means that we are owned by the Government of Canada. However, we are independent in our decision-making.

Over the years, the Bank of Canada has played a key role in Canada's economic development. We have helped to stabilize the financial system, keep inflation low, and promote economic growth.

Our Future

The Bank of Canada is committed to continuing to play a vital role in Canada's economy. We will continue to work hard to meet our mandate and deliver on our values.