Not the Government

Not the Government Here's the facts. The Bank of Canada is a Crown corporation and Canada's central bank. Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe, sound financial system within Canada. The Bank of Canada is the sole issuing authority of Canadian banknotes, provides banking services and money management for the government, and loans money to Canadian financial institutions. It is free from partisan political influence. The Liberals did not raise interest rates. Knowing this may not make you happier, but it will make you smarter.