The Bank of Canada Building in Ottawa
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Bank of Canada

The Bank of Canada is Canada's central bank. It was created by the Bank of Canada Act of 1934, to "promote the economic and financial well-being of Canada." more...

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The bank's current statement of its goals is:

The Bank of Canada's responsibilities focus on the goals of low and stable inflation, a safe and secure currency, financial stability, and the efficient management of government funds and public debt.

It is the sole issuer of banknotes in Canada.

The bank's headquarters are located at the corner of Wellington and Bank streets in downtown Ottawa.

History

For many years, Canada did not have a central bank. Each of the nation's large banks issued its own currency and there was little government regulation of the nation's money supply. The federal finance department only issued small denomination bills. The Bank of Montreal, then the nation's largest bank, acted as the government's banker. Canada, with its extensive branch banking, had a very stable banking system. There was little need for a lender of last resort and the banking system was not hit by the same seasonal liquidity problems as banks in the US. The banking system was regulated by the Canadian Bankers Association that worked in close concert with the government.

While there were some advocates for a central bank in the early part of the twentieth century, most notably farmers, the status quo remained unaltered. This changed with the onset of Great Depression. Many in Canada blamed the policies of the Canadian banks for aggravating the Depression. The money supply was contracting and deflation was common. The farmers were joined by manufacturing interests and other groups in demanding a central bank. Another major proponent was the Royal Bank of Canada, which wanted to see the government business taken away from the rival Bank of Montreal. The government also claimed it was constrained by its inability to deal directly with its foreign debts.

Read more at Wikipedia.org


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1954 20$ Devils Face1954 20$ Devils Face Canadian $1 and $2 BillsCanadian $1 and $2 Bills
1954 Bank of Canada $1 Note (*C/F0611351)1954 Bank of Canada $1 Note (*C/F0611351) 1954 Canada $20 Modified [Beattie & Rasminsky] Au1954 Canada $20 Modified [Beattie & Rasminsky] Au
Canada Dollar 1973 Replacement *Gf6696630 UncCanada Dollar 1973 Replacement *Gf6696630 Unc Canada Bc-4 1935 $2 French Text Banque Du Canada Canada Bc-4 1935 $2 French Text Banque Du Canada $425.00
Unc Pair $5 1986 & 2002 Identical Serial #Unc Pair $5 1986 & 2002 Identical Serial # 1954 100$1954 100$
Canada 2 Dollars 1986 Vf+Crisp Banknote P94a Pref. AukCanada 2 Dollars 1986 Vf+Crisp Banknote P94a Pref. Auk $19.99 Canada $2 Devil's Face 1954 Choice Unc 64 PmgCanada $2 Devil's Face 1954 Choice Unc 64 Pmg $105.00
Bank of Canada 1974 $2 Bank Note UncBank of Canada 1974 $2 Bank Note Unc $5.50 1991 $20, Bc-58a, Eij without serifs, Bcs Au-58, Orig.1991 $20, Bc-58a, Eij without serifs, Bcs Au-58, Orig.
1954 $2 Devil's Face Beattie & Coyne Scarcer D/B Prefix. Proper Gem Unc66 Epq1954 $2 Devil's Face Beattie & Coyne Scarcer D/B Prefix. Proper Gem Unc66 Epq $695.00 1974 Replacement $2, Bc-47aA-i, Abx, Bcs Cunc-63, Orig.1974 Replacement $2, Bc-47aA-i, Abx, Bcs Cunc-63, Orig.
1954 $50 Beattie & Coyne Modified/Non Devils Face. Pmg Choice Unc64 Epq. Bc-42a1954 $50 Beattie & Coyne Modified/Non Devils Face. Pmg Choice Unc64 Epq. Bc-42a $349.00 1954 Canada $10 Modified [Beattie & Coyne] Unc1954 Canada $10 Modified [Beattie & Coyne] Unc
1967 Canada $1 Centennial Uncirculated1967 Canada $1 Centennial Uncirculated Canada 1 One Dollar 1973Canada 1 One Dollar 1973 $4.00
10 Consecutive Choice-Unc $2 Pairs Auk Take all 10 or just a pair Dutch Auction 10 Consecutive Choice-Unc $2 Pairs Auk Take all 10 or just a pair Dutch Auction $55.00 1954 $5 Qe2 Devils Face Beattie & Coyne Bc-31b. Pmg Choice Unc64 Epq 1954 $5 Qe2 Devils Face Beattie & Coyne Bc-31b. Pmg Choice Unc64 Epq $495.00
1954 Modified Portrait $1, $2, $5, $10, $20, $50, $100. Total 7 Notes No Reserve1954 Modified Portrait $1, $2, $5, $10, $20, $50, $100. Total 7 Notes No Reserve one 1954 canada dollar billone 1954 canada dollar bill $1.50
1954 Bank Of Canada Qeii $20 ~Devil'S Face~ *Xf+*1954 Bank Of Canada Qeii $20 ~Devil'S Face~ *Xf+* $51.01 Bank of Canada 1986 $5 Bank NoteBank of Canada 1986 $5 Bank Note $7.50
1954 Bank of Canada $1 Note (*H/Y0048903)1954 Bank of Canada $1 Note (*H/Y0048903) Insert Ely 9868889 $20. 2008 Jenkins-Carney sheet range Ely 9.720-9.990 UncInsert Ely 9868889 $20. 2008 Jenkins-Carney sheet range Ely 9.720-9.990 Unc
Canada $10 1937 Osbourne FineCanada $10 1937 Osbourne Fine Pmg Gem Unc65 Epq 1954 $2 Devil's Face Beattie & CoynePmg Gem Unc65 Epq 1954 $2 Devil's Face Beattie & Coyne $469.00
The Fabulous *161* Radar-Repeater Set Of 6 Notes including an asterisk!The Fabulous *161* Radar-Repeater Set Of 6 Notes including an asterisk! l Bank of Canada One Dollar Bank Note Ottawa 1954 Coyne Beattiel Bank of Canada One Dollar Bank Note Ottawa 1954 Coyne Beattie
Vintage 1-1954 , 2-1973 Canada One Dollar BillsVintage 1-1954 , 2-1973 Canada One Dollar Bills $1.04 1971 Bank of Canada $10 Crow - Bouey Signatures Cat#49d1971 Bank of Canada $10 Crow - Bouey Signatures Cat#49d
Banque Du Canada $2.00 1935 Queen Mary Bc-4 Very FineBanque Du Canada $2.00 1935 Queen Mary Bc-4 Very Fine $1,395.00 1973 Bank Of Canada Note $1 No.Ge9642785.Gu​nc 1973 Bank Of Canada Note $1 No.Ge9642785.Gu​nc $135.00
1969 Canada $20 Replacement Note Graded Vf-25 *Em B0531969 Canada $20 Replacement Note Graded Vf-25 *Em B053 Jeweller Coin Magnifier 160X200X Led Microscope Dz18Jeweller Coin Magnifier 160X200X Led Microscope Dz18
1989 Bank of Canada 10 dollar bill 1989 Bank of Canada 10 dollar bill 1954 $10 Devil's Face Qe2 Portrait Bc-32b Beattie & Coyne. Pmg Au55 (Au/Unc)1954 $10 Devil's Face Qe2 Portrait Bc-32b Beattie & Coyne. Pmg Au55 (Au/Unc) $235.00
1973 Replacement $1, Bc-46aA-i, Aax, Bcs Cunc-62, Orig 1973 Replacement $1, Bc-46aA-i, Aax, Bcs Cunc-62, Orig 1969 Replacement $20, Bc-50bA, *Ya, Bcs Cunc-62, Orig.1969 Replacement $20, Bc-50bA, *Ya, Bcs Cunc-62, Orig.
1954 Bank of Canada $1 Note (*X/F0298427)1954 Bank of Canada $1 Note (*X/F0298427) Edx Lawson-Bouey Replacement 1971 $10 affordable example of a rare noteEdx Lawson-Bouey Replacement 1971 $10 affordable example of a rare note
Canada - $5 Devil Face Choice Unc-63!Canada - $5 Devil Face Choice Unc-63! $203.50 1935 5$ bank of canada A English Bc-51935 5$ bank of canada A English Bc-5
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Prices current as of last update, 02/05/12 8:50am.

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