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Bank of Canada

Bank of Canada, central bank of Canada. It controls the amount of money available to other banks in the country. By regulating the money supply, the central bank can make sure that a stable economy and a balanced rate of growth are maintained. The central bank also issues all Canadian bank notes. It was incorporated in 1934, and, although managed by an independent governor and board of directors, it is owned by the Canadian government. The headquarters are in Ottawa.

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21st Century Webster's Family Encyclopedia21st Century Webster's Family Encyclopedia - Augusta to Barlach, Ernst