Bank of Canada ●About bank The Bank of Canada is the nation's central bank. We are not a commercial bank and do not offer banking services to the public. The principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada." ●Five main areas of Responsibility (A)Monetary Policy The goal of monetary policy is to contribute to solid economic performance and rising living standards for Canadians by keeping inflation low, stable, and predictable. The cornerstone of the Bank's monetary policy framework is its inflation-control system, the goal of which is to keep inflation near 2 per cent — the mid-point of a 1 to 3 per cent target range. This system provides a clear measure of the effectiveness of monetary policy, and increases the predictability of inflation. The Bank is equally concerned with significant movements in the inflation rate, both above the 2 per cent mid-point and below it. When demand is strong, it can push the economy against the limits of its capacity to produce. This tends to raise inflation above the midpoint, so the Bank will raise interest rates to cool off the economy. When demand is weak, inflationary pressures are likely to ease. The Bank will then lower interest rates to stimulate the economy and absorb economic slack. (B)Currency The Bank of Canada designs and issues bank notes that Canadians can use with the highest confidence. 1. The Bank of Canada's Roles The Bank of Canada is the country's sole bank note-issuing authority and is responsible for designing, producing, and distributing Canada's bank notes. 2 .Regional Offices As part of their mandate, the regional offices serve as contact points for Canadians requiring assistance to access services offered by the Bank. Among the range of services offered is the delivery of currency education programs to law enforcement, financial institutions and retailers 3. Design and Production It can take several years to design a series of bank notes, and once the design has been approved, the Bank contracts the printing of the bank notes to two security printing companies: Canadian Bank Note Company, Limited and BA International Inc. 4. Distribution The Bank of Canada must be prepared to supply financial institutions with enough bank notes to satisfy public demand. (C) Financial System Canada's financial system consists of: 1, Financial Institutions 2 .Financial Markets 3. Payments and Other Clearing and Settlement Systems 4. Funds Management (D)Funds Management The Bank is the "fiscal agent" for the Government of Canada. The role of fiscal agent encompasses several responsibilities relating to the management of public funds: 1. Government Banker and Treasury Manager 2. Foreign Exchange Reserves 3. Debt Management 4. Retail Debt (E)Corporate Administration Corporate Administration supports the sound management of human, financial, information, technology and physical resources and related infrastructure through the development of corporate policies and the maintenance of cost-effective, integrated systems and practices. ● Rate and Statistics 1. Daily Digest； 2.Exchange rate；3.Interest Rate； 4.Price Indexes； 5. Indicator：6. Related Info.