Bank of Canada

Bank of Canada
Its main role is to endorse and to maintain the well-being of country. The bank does thisby managing the monetary policy of Canada, by overseeing the bank notes and by managing the retail debt and the bank funds. Even if the bank is run by the Canadian government, it is eventually owned by people. This bank was formed as private firm in 1934, but it became crown cooperation within four years. The bank appoints theseniorgovernor and the governor. It was built in Ottawa and still remains there. Itdoes not provide banking services like savings or checking account to the normal customers. However, it donates an average of nearly one billion dollar in gain every year to the government of Canada.