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The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank. [4] Chartered in 1934 under the Bank of Canada Act , it is responsible for formulating Canada's monetary policy, [ 5 ] and for the promotion of a safe and sound financial system within Canada. [ 6 ]
A broad consensus on ways to improve the financial sector emerged through this process. In June 1999, the government released a policy paper, Reforming Canada’s Financial Services Sector: A Framework for the Future, [8] containing 57 reform measures. Among them was a proposal to create a financial consumer agency to oversee consumer interests ...
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Colonial Bank of Canada 1856 1863 Only operated in 1859, before it failed. [98] Commercial Bank of Canada 1831 1868 Founded in 1831 as the Commercial Bank of the Midland District, the name changed to the Commercial Bank of Canada in 1856. [99] Merged with the Merchants Bank in Montreal to form the Merchants' Bank of Canada. [100]
The bank was founded by ING Group in April 1997 as ING Bank of Canada (operating as ING Direct). [1] In November 2012, it was acquired by Scotiabank. [ 4 ] The new name for the bank was revealed in November 2013, and the Tangerine branding was rolled out beginning in April 2014.
Consensus government is a form of government by consensus decision-making in Canada used in two of Canada's three federal territories (Northwest Territories and Nunavut) as well as in Nunatsiavut, an autonomous area in the province of Newfoundland and Labrador. The population of these jurisdictions are majority Indigenous peoples. The system ...
Peoples Group operates as a trust company and also maintains a chartered bank subsidiary, Peoples Bank of Canada. It is a subsidiary of the Alberta-based holding company Triple Five Group and maintains offices in Vancouver, Montreal, Calgary, and Toronto.