BANK OF CANADA

Business Summary

Bank of Canada is a Canada-based central bank. The Bank designs, produces and distributes Canada's bank notes and replaces worn notes. It deters counterfeiting through its bank note design, public education and collaboration with law-enforcement agencies. It Provides funds-management services for the Government of Canada, and administers and advises on the public debt and foreign exchange reserves. It also provides banking services to foreign central banks, as well as to payment clearing and settlement systems. Interest income derived from Government of Canada securities is the Bank's primary source of revenue each year. Its functional and presentation currency is the Canadian dollar. Its cash and foreign deposits are composed of cash on hand, as well as liquid demand deposits in foreign currencies with other central banks or international financial institutions. Its loans and receivables are composed of securities purchased under resale agreements.

Country of Incorporation

Canada

Incorporation Date

1934-01-01

Business Sector

Banking & Investment Services