Bank of Canada

www.bankofcanada.ca

The Bank of Canada (French: Banque du Canada) is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament (the Bank of Canada Act) on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada. The Minister of Finance (on behalf of Her Majesty in right of Canada) holds the entire share capital issued by the Bank. "Ultimately, the Bank is owned by the people of Canada."
The role of the Bank is to "promote the economic and financial well-being of Canada."
The responsibilities of the Bank are: monetary policy; sole issuer of Canadian banknotes and currency; the promotion of a safe, sound financial system within Canada; and funds management and central banking services "for the federal government, the Bank and other clients."
The Bank headquarters are located at the Bank of Canada Building in the nation's capital Ottawa.