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
Business Development Bank of Canada Business Development Bank of Canada The Business Development Bank of Canada (BDC; ) is a federal Crown corporation wholly owned by the Government of Canada. Its mandate is to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises. The bank was founded in 1944 and its corporate headquarters is located in Montreal. BDC has more than 118 business centres across Canada and more than 49,000 clients. BDC's debt obligations, secured by the Government of Canada, are issued to public and private sector institutions. The