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Topic: Bank of Canada

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	Encyclopedia article on Bank of Canada [EncycloZine] (Site not responding. Last check: 2007-11-06)
		The Bank of Canada is Canada's central bank.
		It is the sole issuer of banknotes in Canada.
		The head of the Bank of Canada is the Governor who is appointed by the bank's board of directors.
	encyclozine.com /Bank_of_Canada (709 words)

	Glossary of Frequently-Used Terms - B
		A central banking institution owned and controlled by central banks, with a board comprising the governors of the central banks of the Group of Ten countries.
		Changes in the bank rate often lead to changes in the prime rate, which is the rate of interest that commercial banks charge to their lowest-risk customers.
		A committee of banking supervisory authorities established by the governors of the central banks of the Group of Ten countries in 1975.
	www.fin.gc.ca /gloss/gloss-b_e.html#balpay (661 words)

	Canada's Banks
		Canada’s banks play an important role in the national clearing and settlement system, which is among the most efficient payment systems in the world.
		The Bank of Canada guarantees settlement in the extremely unlikely event that more than one LVTS participant were to fail on the same business day and the sum of the exposures of failed institutions were to exceed the collateral pledged to support such positions.
		Shares of Schedule I banks were required to be widely held, with no single shareholder or group of shareholders holding more than 10 per cent of any class of shares, while Schedule II banks could be owned by eligible Canadian or foreign financial institutions.
	www.fin.gc.ca /toce/2001/bank_e.html (3108 words)

	Bank of Canada
		The new note was unveiled at a ceremony in Vancouver by the Honourable John McCallum, Minister of National Revenue (by videotape), and Paul Jenkins, Senior Deputy Governor of the Bank of Canada.
		The new $20 bank note is the fourth note in the Canadian Journey series, and it incorporates anti-counterfeiting features similar to those on the recently issued $100 note.
		As the Bank prepares to issue the new note, it continues to work with law-enforcement agencies, financial institutions, and the retail and hospitality industries to familiarize them with the new security features.
	www.beijing.gc.ca /beijing/en/1350.htm (430 words)

	Home - - Bank of Canada
		Bank of Canada raises overnight rate target by 1/4 percentage point to 3 per cent
		Press Release and Remarks by David Dodge, Governor of the Bank of Canada, to the Toronto CFA Society, Toronto, Ontario
		Permission is granted to reproduce or cite portions herein, if attribution is given to the Bank of Canada.
	www.bankofcanada.ca /en (122 words)

	Royal Bank of Canada (RBC)
		RBC Royal Bank's emerging CRM vision was confirmed by a 1997 study that challenged conventional thinking.
		The study revealed that customers wanted a banking relationship where they were well understood, their needs anticipated, and their business was valued.
		To RBC Royal Bank, the future became clear: the bank would find ways to be increasingly responsive and client-focused in a competitive environment where banking services were largely undifferentiated.
	www.teradata.com /t/go.aspx?id=104576 (127 words)

	CBC News: Bank of Canada hikes key interest rate (Site not responding. Last check: 2007-11-06)
		The Bank of Canada pushed up its key interest rate by a quarter of a percentage point Tuesday morning and signalled that more rate hikes are coming.
		The Bank said high energy prices will cause inflation to average close to three per cent until the second half of next year, when the so-called "headline" inflation rate is expected to ease to two per cent.
		Although the Bank of Canada has raised rates only three times in the past year, for a total of three-quarters of a percentage point, some analysts said Canadians who have maximized their mortgages may find even another quarter point is too much to bear.
	www.cbc.ca /story/business/national/2005/10/18/boc-051018.html (579 words)

	Bank of Montreal Economics - Economic Research and Analysis on Canada, United States and International Economies
		Canada’s "natural" rate of unemployment is thought to be 6½-7%.
		One of the Bank of Canada’s favourite leading indicators of economic growth is the spread between long- and short-term interest rates.
		Movements in the trade-weighted value of the Canadian dollar (measured against the currencies of Canada’s six major trading partners) may cause monetary conditions to diverge from a path that the Bank of Canada believes is consistent with the inflation target, thereby prompting an offsetting adjustment in interest rates.
	www.bmo.com /economic/special/bocwatch.html (1622 words)

	Econoday Reports - Bank of Canada Announcement June 8, 2004 (Site not responding. Last check: 2007-11-06)
		All things considered, the Bank's outlook for economic growth and core inflation is essentially unchanged from the outlook in the April MPR.
		The Bank of Canada has an inflation target: a 1-to-3 percent range with a specific focus at the 2-percent midpoint.
		The Bank followed with a second 25 basis point increase to 2.5 percent on October 19th.
	mam.econoday.com /reports/US/EN/New_York/boc_ann/year/2004/yearly/06 (358 words)

	ABN AMRO Bank N.V., Canada Branch
		On January 1 2002, the Bank in Canada officially moved from subsidiary to branch status and continues operations as ABN AMRO Bank N.V., Canada Branch.
		As a branch, the Bank is reclassified as a Schedule III Chartered bank.
		The Bank's presence within Canada and its ability to serve Canadian clients is enhanced by its access to the global network of ABN AMRO offices throughout Europe, Asia, North, Central and South America, the Middle East and Africa.
	www.abnamro.ca (251 words)

	Bank of Upper Canada: Copper Penny Token, 1850 (Site not responding. Last check: 2007-11-06)
		The Bank of Upper Canada was established in 1821 in York (Toronto, Ontario) under a charter granted by the Province of Upper Canada in 1819.
		When Upper and Lower Canada were united in 1841 to form the Province of Canada, it was decided that only the bank that held the government accounts should have the right to issue copper tokens.
		Following the passage of the Rebellion Losses Bill in 1849, rioting in Montreal led to the destruction of the legislative buildings and the capital of the province was transferred to Toronto.
	collections.ic.gc.ca /bank/english/emar81.htm (223 words)

	CBC News: Bank of Canada raises interest rates (Site not responding. Last check: 2007-11-06)
		As expected, the Bank of Canada raised its key overnight rate by a quarter of a percentage point to 2.50 per cent as it tries to take more steam out of the Canadian economy.
		The bank projects core inflation will rise to its 2 per cent target by the end of next year, while total inflation will move "well above" core inflation in the first half of 2005 because of soaring oil prices.
		Bank of Canada lowers growth estimate for 2006
	www.cbc.ca /story/business/national/2004/10/19/bankrate_041019.html (518 words)

	Canada's Central Bank Scam
		The statutory reserves - were some 8% to 10% of the deposits the banks received in their chequing accounts that had to be redeposited on an interest-free basis with the Bank of Canada.
		And since the government of Canada is the sole shareholder of the Bank of Canada when it switched its borrowing from its own bank the Bank of Canada to the distressed banks, they lent back to the government some of the money it had bestowed on them as a gift.
		Thus as part of the world-wide bail-out of banks in trouble, the Bank for International Settlements, had declared the debt of developed countries to be risk-free, hence requiring no further capital for banks to acquire.
	globalresearch.ca /articles/KRE406A.html (1292 words)

	Econoday Reports - Bank of Canada Announcement July 20, 2004 (Site not responding. Last check: 2007-11-06)
		The Bank of Canada left its key interest rate at 2.0 percent today after lowering it by 25 basis points on April 13.
		On Thursday, the latest Monetary Policy Report is to be released and it is expected to show upward revisions to both the growth and inflation forecasts.
		In its statement the Bank said that "outlook for economic growth and core inflation in Canada is little changed from the April Monetary Policy Report.
	mam.econoday.com /reports/US/EN/New_York/boc_ann/year/2004/yearly/07 (345 words)

	The Canada Bank Of Baroda - Offshore Investments, Offshore Banking
		Three other foreign banks--the Royal Bank of Canada, Chase Manhattan of the United States, and were Canada's Bank of Nova Scotia and India's Bank of Baroda.
		Apart from the Bank of Guyana (the central bank), five commercial banks and two foreign banks operated in Guyana.
		Bank Of Baroda - of america locator atlanta federal reserve cosmopolitan and trust commerce in philadelphia...
	www.offshore-resources.net /thecanadabankofbaroda.htm (427 words)

	Bank of Cyprus - Canada Representative Office
		The Bank of Cyprus Group is the largest and oldest financial institution on the island of Cyprus.
		The Bank offers a comprehensive range of banking and financial services to its customers through its branches in Cyprus, Greece, United Kingdom, Channel Islands, and Australia.
		The representative office in Canada has been established in 1997 and it is located in the heart of Greektown on the Danforth.
	www.bankofcyprus.ca (116 words)

	Canadajobs.com
		Canada's #1 source for job search "how-to" articles and tips.
		Learn about the fields of policing, working in Canada's call centres, being a chef, or working as an animator.
		Most positions require candidates to be legally entitled to work in Canada.
	www.canadajobs.com (330 words)

	Bank of Canada (Site not responding. Last check: 2007-11-06)
		At the Bank, they set monetary policy, are responsible for the distribution of bank notes, act as the government's banker in protecting our dollar on world markets, and control debt management.
		One of the functions of the Bank of Canada is to keep records on accounts that regular banks have not seen activity in 10 years.
		While the actual information on the bank's web site is devoted to live visits to the museum, there is a link to Schoolnet's site where an online history of Canadian money comes complete with images of historical currency.
	www.gecdsb.on.ca /d&g/dec98/web2.htm (284 words)

	Banks for Mr PARAGON
		Canadian banks continue to move higher with the TSE Banks & Trusts sub index less than 400 points off its all time high of 11,694 established on April 16, 1998.
		Longer term, Royal Bank and TD Bank are still our favourites because of their excellent growth prospects.
		The TSE Banks sub-index has rallied 6.2% in a week, 12.8% over the past month, and 45.7% since the yield curve shifted in early March.
	www.geocities.com /davidnicholson_99/ParagonBanks.htm (363 words)

	National Bank of Canada
		National Bank of Canada is proud to join forces with the Office des personnes handicapées du Québec (OPHQ) for La semaine québécoise des personnes handicapées, which runs from June 1 to June 7.
		According to Marie-Jeanne Nahas, Advisor at the National Bank's Customer Relationship Centre and activity spokesperson, "true integration of people with disabilities in the workplace is achieved when you look at a person's skills and knowledge, rather than their disability.
		National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world.
	www.nbc.ca /bnc/cda/newsdetail/0,1044,articleCode-12252_divId-2_langId-1_navCode-6100_viewFilter-2003,00.html (545 words)

	National Bank of Canada Announces $500 Million Offering of Medium Term Notes (Site not responding. Last check: 2007-11-06)
		The net proceeds from the issuance of the Notes will be added to the general funds of the Bank and will be used for general banking purposes.
		About the National Bank of Canada National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its customers elsewhere in the world.
		National Bank has close to $110 billion in assets and, together with its subsidiaries, employs 17,049 people.
	www.quote.com /qc/news/story.aspx?symbols=CCN:100&story=200510182202_CCN_1018178n (452 words)

	Rates and Statistics - Exchange Rates - Bank of Canada
		Bank of Canada exchange rates are nominal quotations — not buying or selling rates — and are intended for statistical or analytical purposes.
		The closing rates are based on official parities or market rates and are updated at about 4:30 p.m.
		A fact sheet explaining the role of the exchange rate in Canada's economy.
	www.bankofcanada.ca /en/exchange.htm (182 words)

	EconPapers: The Bank of Canada: Moving Towards Transparency
		In the 1960s and 1970s, policy decisions were made in an environment characterized by instrument opaqueness and goal opaqueness, which tended to shield the Bank's operations from scrutiny and accountability.
		A recent survey has shown that the Bank of Canada is in the middle range of central banks with regard to its transparency and has lost points for not publishing the forecasts that shape its policy or the minutes and voting records of its governing body.
		Chant suggests that the public has benefited significantly from the changes the Bank has made, but that it should continue to support research on the benefits of low and stable inflation and continually inform other policy-makers and the public of the results.
	econpapers.repec.org /article/bcabcarev/v_3A2003_3Ay_3A2003_3Ai_3Aspring_3Ap_3A5-13.htm (268 words)

	Investment Executive
		In a monetary policy update released today, the central bank said the economy is expected to grow by 2.9% next year, down from its July estimate of 3.3%.
		In today’s update the bank said the economy was operating at full capacity throughout the second quarter.
		The bank also revised its 2005 growth projection from 2.7% to 2.8% to reflect its belief that the economy is now operating at full capacity.
	www.investmentexecutive.com (535 words)

	Home (Site not responding. Last check: 2007-11-06)
		SBI (C) has also been instrumental in fostering trade ties bewteen India and Canada by extending financial, advisory and logistic support to Canadian and Indian Corporates.
		State Bank of India is the largest bank in India with over 180 years of banking experience.
		Today, State Bank of India ranks among the top 25 commercial banks in Asia with assets exceeding US$60 billion.
	www.sbicanada.com (98 words)

	Site-By-Site! The International Investment Portal & Research Center
		The mandate of the Economic and Policy Analysis Directorate (EPAD) of Policy Branch, Agriculture and Agri-Food Canada (AAFC) is to provide the Department with top quality, relevant and timely economic information and advice on the agri-food sector and public policy.
		Invest in Canada, the one-stop-shop for exploring and planning foreign investment and new business in Canada.
		Canada's leading business cost advantages make it a natural market-entry point for North America, and a global magnet for RandD investment, business process outsourcing (BPO), and other international business.
	www.site-by-site.com /canada/astock.htm (265 words)

	Bank of Canada
		A little old lady went into the Bank of Canada one day, carrying a bag of money.
		After much hemming and hawing, the bank staff finally ushered her into the president's office (the customer is always right!).
		The bank president then asked her how much she would like to deposit.
	www.manbottle.com /humor/Bank_of_Canada.htm (423 words)

	RBC says glitch fixed, system should return to normal - Jun. 4, 2004
		NEW YORK (CNN/Money) - Royal Bank of Canada, the country's largest bank, said Friday it has fixed a computer glitch that has affected many of its customers in the past week and its bank account operations should return to normal this weekend.
		The glitch was fixed Tuesday, but a huge backlog in verifying transactions has caused a delay in adjusting account balances, a spokeswoman for Royal Bank said on Friday.
		The bank said the problem had not affected customers outside of Canada.
	money.cnn.com /2004/06/04/news/international/bank_canada (218 words)

	Royal Bank of Canada (Site not responding. Last check: 2007-11-06)
		Finance Directory : Banking : Banks and Institutions : Canadian : Royal Bank of Canada
		Ready for the reconstruction: the Royal Bank of Canada preps Canadian entrepreneurs for new opportunities in Iraq.(Global View) : An article from: CMA Management
		Manpower utilization in Canadian chartered banks (Studies of the Royal Commission on the Status of Women in Canada)
	www.allfinancialsites.com /index.php?c=72 (126 words)

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