BANK OF CANADA A central bank is the principle monetary authority of a nation. The key role of the Bank of Canada is to conduct the country's monetary policy, which means managing the flow of money and credit in the economy in order to preserve the trust in the value of money. As a central bank the Bank of Canada oversees many issues concerning the economic and financial well being of Canadians. The Bank of …
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showed last 75 words of 2536 total
…in order to compliment other actions taken by the bank such as shifting deposits or conducting open market operations. BIBLIOGRAPHY: <Tab/>1) Binhammer, H.H., Sephton, P.S. Money, Banking and the Canadian Financial System. 8th Edition. Nelson: 2002. 2) Lermer, G. O'Brien, J.W. Canadian Money and Banking 2nd Edition. McGraw-Hill Company of Canada Limited. Toronto: 1969. 3) Mossé, R. Politique Monétaire. Payot. Paris: 1972. 4) www.bankofcanada.ca/en