To begin with, it is essential to know what the Bank of Canada’s objective is, as stated in the Bank of Canada Act of 1934, even if I’ve briefly mentioned it in the introductory paragraph. In the exact words:
“[…] it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, p...
... middle of paper ...
...mencé.” Cyberpresse. March 1 2010. La Presse. April 13 2010
“Bank of Canada.” Wikipedia. 13 April 2010
“History.” Bank of Canada. 13 April 2010
“Monetary Policy.” Bank of Canada. 13 April 2010
“Backgrounders.” Bank of Canada. April 13 2010
Binhammer, H. H. & Peter S. Sephton. Money, Banking and the Financial System. Nelson, 2001.
(part of Course pack)
“Office of the Superintendant of Financial Institutions.” Wikipedia. 13 April 2010
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