Bank of Canada

The Bank of Canada is Canada's central bank. It conducts monetary policy, issues the Canadian dollar, and promotes financial stability.

It operates the high-value payment system Lynx and sets the policy rate used by financial institutions. Official site: Bank of Canada.

Related Terms

A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...

Canadian Dollar

CAD is the official currency of Canada. It's the fifth most held reserve currency in the world and i...

Lynx is Canada's high-value RTGS payments system that settles transactions in real time with immedia...

Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...

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