Bank of Canada

The Bank of Canada is Canada's central bank, responsible for managing the country's money supply and economic stability. Its main functions include setting interest rates to control inflation, issuing and regulating currency, and overseeing the financial system to ensure it remains secure and efficient. By adjusting interest rates, the Bank influences borrowing, spending, and investment to help keep inflation low and support economic growth. It also acts as a lender of last resort to banks during financial crises. Overall, the Bank helps maintain a stable, prosperous economy for Canadians.