Whether you say "bank" or "banque", the Bank of Canada is the country's central bank. It is responsible for setting monetary policy (by setting interest rates), issuing and safeguarding currency from counterfeiting, managing the Canadian banking system, and managing funds for the government and other clients. The Bank of Canada works through six regional offices, including one in New York City. A governor, senior deputy governor, 12 outside directors, and the Deputy Minister of Finance oversee the bank, which averages a $1.8 billion profit annually. The funds are contributed to the government.
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- Incorporated 2001
- FISCAL YEAR END DEC
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Stephen S. PolozGovernor
Filipe DinisChief Operating Officer and Member of the Board of Directors
Carolyn WilkinsChief Financial Officer
Norman BettsMember of the Board of Directors