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February 12, 2016 12:24 PM ET

Diversified Financial Services

Company Overview of Bank of Canada

Company Overview

Bank of Canada operates as the central bank in Canada. The company provides monetary policy, currency, financial system, and funds management services. Its monetary policy contributes to economic performance and rising living standards for Canadians by keeping inflation low, stable, and predictable. The company designs, produces, and distributes Canada’s bank notes and replaces worn notes; and deters counterfeiting through leading-edge bank note design, public education, and collaboration with law-enforcement agencies. Its financial system consists of financial institutions, such as banks and credit unions, the financial markets, and clearing and settlement systems. The company also acts as ...

234 Laurier Avenue West

Ottawa, ON K1A 0G9


Founded in 1934

1,600 Employees





Key Executives for Bank of Canada

Governor, Director and Chairman of Executive Committee
Age: 59
Chief Financial Officer and Chief Accountant
Chief Operating Officer
Chief Risk Officer
Chief of Currency
Compensation as of Fiscal Year 2015.

Bank of Canada Key Developments

Deputy Governor Agathe Côté to Retire from the Bank of Canada at the End of January 2016

The Bank of Canada announced that Deputy Governor Agathe Côté will retire at the end of January 2016. Agathe Côté was appointed Deputy Governor of the Bank of Canada in July 2010, with responsibility for overseeing the Bank's analysis of domestic economic developments in support of monetary policy decisions.

Bank of Canada Appoints Jean Simon as Board of Director

Finance Minister Joe Oliver announced the appointment of Jean Simon to the board of directors of the Bank of Canada for a term ending on February 28, 2017. Mr. Simon is the retired president of Rio Tinto Alcan, Primary Metal.

Bank of Canada Appoints Martin Sullivan to the Board of Directors

Finance Minister Joe Oliver announced the appointment of Martin Sullivan to the Board of Directors of the Bank of Canada. His appointment is for a term ending on February 28, 2017. Mr. Sullivan is the co-founder, President and CEO of Ocean Choice International, based in St. Johns, Newfoundland and Labrador. He has been actively involved in promoting the sustainable management and development of the fisheries sector.

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