Bank of Canada Act

E909876

Canadian federal statute founding statute

The Bank of Canada Act is the federal statute that establishes the Bank of Canada and defines its mandate, powers, and governance as the country’s central bank.

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All labels observed (1)

Label	Occurrences
Bank of Canada Act canonical	1

Statements (47)

Predicate	Object
instanceOf	Canadian federal statute ⓘ founding statute ⓘ
appliesTo	operations of the Bank of Canada ⓘ
assignsFunction	issue of bank notes ⓘ management of Government of Canada funds ⓘ monetary policy in Canada ⓘ promotion of economic and financial welfare of Canada ⓘ regulation of currency and credit ⓘ
assignsOversightTo	Minister of Finance of Canada NERFINISHED ⓘ
authorizes	Bank of Canada to act as fiscal agent of the Government of Canada ⓘ Bank of Canada to act as lender of last resort to financial institutions NERFINISHED ⓘ Bank of Canada to buy and sell securities ⓘ Bank of Canada to make loans and advances in certain circumstances ⓘ
category	Canadian banking legislation ⓘ Canadian monetary law ⓘ
centralBankCreated	Bank of Canada NERFINISHED ⓘ
country	Canada ⓘ
definesBody	Board of Directors of the Bank of Canada NERFINISHED ⓘ Executive Committee of the Bank of Canada NERFINISHED ⓘ Governing Council of the Bank of Canada NERFINISHED ⓘ
definesOffice	Governor of the Bank of Canada NERFINISHED ⓘ Senior Deputy Governor of the Bank of Canada NERFINISHED ⓘ
definesRoleOf	Bank of Canada as central bank of Canada ⓘ
establishes	Bank of Canada NERFINISHED ⓘ
governs	governance structure of the Bank of Canada ⓘ mandate of the Bank of Canada ⓘ powers of the Bank of Canada ⓘ
jurisdiction	Parliament of Canada NERFINISHED ⓘ
languageOfText	English ⓘ French ⓘ
providesFor	appointment of directors of the Bank of Canada ⓘ appointment of the Governor of the Bank of Canada ⓘ appointment of the Senior Deputy Governor of the Bank of Canada ⓘ capital structure of the Bank of Canada ⓘ head office of the Bank of Canada in Ottawa ⓘ ownership of shares of the Bank of Canada by the Government of Canada ⓘ removal of the Governor of the Bank of Canada ⓘ
purpose	to control and protect the external value of the national monetary unit ⓘ to mitigate fluctuations in the general level of production, trade, prices and employment ⓘ to promote the economic and financial welfare of Canada ⓘ to regulate credit and currency in the best interests of the economic life of the nation ⓘ
regulates	issue of Bank of Canada notes ⓘ legal tender status of Bank of Canada notes ⓘ
requires	Bank of Canada to submit an annual report to the Minister of Finance ⓘ audited financial statements of the Bank of Canada ⓘ
shortTitle	Bank of Canada Act NERFINISHED ⓘ
subjectTo	amendment by Parliament of Canada ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Bank of Canada → legislation → Bank of Canada Act ⓘ