Bank of Canada Bank of Canada The Bank of Canada (or BoC) () is a Crown corporation and Canada's central bank. Chartered in 1934 under the "Bank of Canada Act", it is responsible for formulating Canada's monetary policy, and for the promotion of a safe, sound financial system within Canada. The Bank of Canada is the sole issuing authority of Canadian banknotes, provides banking services and money management for the government, and loans money to Canadian financial institutions. The Bank of Canada headquarters are located at the Bank of Canada Building, 234 Wellington Street in the nation's capital, Ottawa. The building also used
Province of Canada British colony of Upper Canada, while the southern portion of modern-day Quebec belonged to Lower Canada (along with Labrador until 1809, when Labrador was transferred to the colony of Newfoundland), which was also a British colony. Upper Canada was primarily English-speaking, whereas Lower Canada was primarily French-speaking. The Province of Canada was divided into two parts: Canada East and Canada West. Canada East was what became of the former colony of Lower Canada after being united into the Province of Canada. It became the province of Quebec after Confederation. Canada West was what became of the former colony of Upper