The Bank of Canada Building in Ottawa
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Bank of Canada

The Bank of Canada is Canada's central bank. It was created by the Bank of Canada Act of 1934, to "promote the economic and financial well-being of Canada." more...

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The bank's current statement of its goals is:

The Bank of Canada's responsibilities focus on the goals of low and stable inflation, a safe and secure currency, financial stability, and the efficient management of government funds and public debt.

It is the sole issuer of banknotes in Canada.

The bank's headquarters are located at the corner of Wellington and Bank streets in downtown Ottawa.

History

For many years, Canada did not have a central bank. Each of the nation's large banks issued its own currency and there was little government regulation of the nation's money supply. The federal finance department only issued small denomination bills. The Bank of Montreal, then the nation's largest bank, acted as the government's banker. Canada, with its extensive branch banking, had a very stable banking system. There was little need for a lender of last resort and the banking system was not hit by the same seasonal liquidity problems as banks in the US. The banking system was regulated by the Canadian Bankers Association that worked in close concert with the government.

While there were some advocates for a central bank in the early part of the twentieth century, most notably farmers, the status quo remained unaltered. This changed with the onset of Great Depression. Many in Canada blamed the policies of the Canadian banks for aggravating the Depression. The money supply was contracting and deflation was common. The farmers were joined by manufacturing interests and other groups in demanding a central bank. Another major proponent was the Royal Bank of Canada, which wanted to see the government business taken away from the rival Bank of Montreal. The government also claimed it was constrained by its inability to deal directly with its foreign debts.

Read more at Wikipedia.org


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Scarce Bank of Canada $30 Face 1937 Canadian NotesScarce Bank of Canada $30 Face 1937 Canadian Notes $32.90 Radar Apw5698965+Repeater Apw5698569+Fancy# Apw5698888Radar Apw5698965+Repeater Apw5698569+Fancy# Apw5698888 $27.08
Canada paper currency 2 $2.00 bills1986 Queen ElizabethCanada paper currency 2 $2.00 bills1986 Queen Elizabeth $7.99 -•:*"* Canada *"*:•- $1 Uncirculate 1973 ¤ Queen ¤-•:*"* Canada *"*:•- $1 Uncirculate 1973 ¤ Queen ¤ $3.35
$ 1 000 Issue - 1954 (Bc-44d) Lawson-Bouey Unc+$ 1 000 Issue - 1954 (Bc-44d) Lawson-Bouey Unc+ $1,377.54 4 Digit Radar Bfg3957593+Repeater Bfg3957395+Bfg39577774 Digit Radar Bfg3957593+Repeater Bfg3957395+Bfg3957777 $45.76
Canada 3 Banknotes Crow-Bouey UncCanada 3 Banknotes Crow-Bouey Unc $3.49 Canadian 1850 Dragonslayer Penny Bank of CanadaCanadian 1850 Dragonslayer Penny Bank of Canada $0.99
Very Rare Small Size Banque du Canada 2.00$ Bc-4 VgVery Rare Small Size Banque du Canada 2.00$ Bc-4 Vg $179.00 1969 Ottawa 20 Bank of Canada Solid Wr 8888888 Banknote1969 Ottawa 20 Bank of Canada Solid Wr 8888888 Banknote $850.00
Canada 1954 1967 1973 1986 $1 $2 Dollar Banknote LotCanada 1954 1967 1973 1986 $1 $2 Dollar Banknote Lot $0.99 Canada, 1954, Qe11, $20 Dollars, P-70b, Nice aVf!Canada, 1954, Qe11, $20 Dollars, P-70b, Nice aVf! $0.99
Canada 1972 Asterisk *Sp 5.00$ replacement note F+Canada 1972 Asterisk *Sp 5.00$ replacement note F+ $8.50 Scarce 1954 *(X/F) * Replacement Note A Nice ExampleScarce 1954 *(X/F) * Replacement Note A Nice Example $0.99
Scarce Bank of Canada $8 Face value 1937 Canadian NotesScarce Bank of Canada $8 Face value 1937 Canadian Notes $2.25 1991 Canada $20 Note Double Rare Radar/Repeater Nice1991 Canada $20 Note Double Rare Radar/Repeater Nice $0.99
Nice Pair of 1954 10.00$ Bills : Bc-40a and Bc-40bNice Pair of 1954 10.00$ Bills : Bc-40a and Bc-40b $24.50 $1 (1954) Canada bill & $2 (1954) canada bill *Look*$1 (1954) Canada bill & $2 (1954) canada bill *Look* $4.99
1954 $1 Bank Note Devils Face A/A3078579 Cutting Error1954 $1 Bank Note Devils Face A/A3078579 Cutting Error $110.00 !Error Note!.Multiple Serial Printing-Uncirculated!Error Note!.Multiple Serial Printing-Uncirculated $49.99
1954 Devils Face- Over 55 Years Old1954 Devils Face- Over 55 Years Old $19.99 Scarce Bank of Canada $100 1937 Canadian NoteScarce Bank of Canada $100 1937 Canadian Note $154.40
Scarce Bank of Canada $38 Face value Canadian NotesScarce Bank of Canada $38 Face value Canadian Notes $31.90 Only Seq Pair of Gem67 Bird Series 1988 $1000 to existOnly Seq Pair of Gem67 Bird Series 1988 $1000 to exist $6,950.00
Consecutive Ezj $20 insert replacement notes UncConsecutive Ezj $20 insert replacement notes Unc $46.69 Rare Bank of Canada 1972 Asterisk*Cd 5.00$ ReplacementRare Bank of Canada 1972 Asterisk*Cd 5.00$ Replacement $9.50
Copy Of 1988 $1,000 Canadian "Queen Elizabeth Ii" NoteCopy Of 1988 $1,000 Canadian "Queen Elizabeth Ii" Note $16.95 1954 Devil'S Face Coyne-Towers(F/A) Prefix $1.00 Bill1954 Devil'S Face Coyne-Towers(F/A) Prefix $1.00 Bill $0.54
Canada 1954 Notes Set: 1$, 2$, 5$, 10$, 20$ nice setCanada 1954 Notes Set: 1$, 2$, 5$, 10$, 20$ nice set $44.50 Canada 1 Dollar 1973Canada 1 Dollar 1973 $0.99
1954 Devil Face 10.00$ Coyne Towers Bc-32a aVf1954 Devil Face 10.00$ Coyne Towers Bc-32a aVf $19.50 Sheet of 40 Canadian $2 notes 4x10 format GemUnc. Sheet of 40 Canadian $2 notes 4x10 format GemUnc. $249.00
Dominion of Canada $38.25 Face Value Canadian NotesDominion of Canada $38.25 Face Value Canadian Notes $0.99 Scarce Bank of Commerce $10 1935 Canada Canadian NoteScarce Bank of Commerce $10 1935 Canada Canadian Note $7.60
1973 Canadian One Dollar Notes Uncirculated Seq x 51973 Canadian One Dollar Notes Uncirculated Seq x 5 $0.99 Canada 100 Dollars Banknote Knight-Thiessen 1988 UncCanada 100 Dollars Banknote Knight-Thiessen 1988 Unc $99.99
Canada Asterisk Note Lawson-Bouey EfCanada Asterisk Note Lawson-Bouey Ef $2.50 1971 $10 Multicoloured Note- Over 38 Years Old1971 $10 Multicoloured Note- Over 38 Years Old $9.99
Canada circulated paper bill $1.00,King George Vi 1937Canada circulated paper bill $1.00,King George Vi 1937 $6.99 Bank Of Canada 1989 $10.00 Bc-57c Bef9859256 K/T SigsBank Of Canada 1989 $10.00 Bc-57c Bef9859256 K/T Sigs $49.95
Bank of Canada $1 Note 1954 Beattie CoyneBank of Canada $1 Note 1954 Beattie Coyne $1.25 Sheet Replacement 2008 $5 Apn 0.040M-0.360M Jen-CarneySheet Replacement 2008 $5 Apn 0.040M-0.360M Jen-Carney $17.74
Sheet Replacement 2008 $10 Btw 1.440M - 1.600M Jen-CarSheet Replacement 2008 $10 Btw 1.440M - 1.600M Jen-Car $45.76 Last 4 Canada 1.00$ Bills: 1937-1954-1967-1973Last 4 Canada 1.00$ Bills: 1937-1954-1967-1973 $7.50
Bank of Canada 1935 Osborne 1.00$ VgBank of Canada 1935 Osborne 1.00$ Vg $14.50 1937 Coyne-Towers Bank Of Canada $10.00 Bill-Currency1937 Coyne-Towers Bank Of Canada $10.00 Bill-Currency $0.37
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Prices current as of last update, 11/21/09 9:19am.

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