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what is bank of canada

what is bank of canada
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Bank of Canada is the apex or central bank of Canada whose primary role is to promote financial welfare of the economy. The functions of Bank of Canada are:

  1. To maintain financial stability in the economy.
  2. To regulate the banking system of the economy.
  3. To keep check on inflation.
  4. To create and apply monetary policy.
  5. To issue currency in the economy.
  6. To act as a banker's bank.
  7. To act as a government's bank.
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