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Monday, 31 October 2011 16:41

Bank of Canada

The Bank of Canada was founded in 1934 as a privately owned corporation and opened its doors in 1935. In 1938, it became a Crown corporation belonging to the federal government. Since that time, the Minister of Finance has held the entire share capital issued by the Bank. Ultimately, the Bank is owned by the people of Canada.

The Bank is not a government department and conducts its activities with considerable independence compared with most other federal institutions.

Published in Central Banks
 

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