Bank of Canada

Canada Canadian dollar (CAD)
Established: 1935 Headquarters: Ottawa, Ontario


The Bank of Canada is Canada’s central bank.

It was created by the Bank of Canada Act on July 3, 1934, as a privately owned corporation. In 1938, the bank became a Crown corporation, belonging to the UK monarch in right of Canada. The Canadian Minister of Finance holds the entire share capital issued by the bank.

The Governor and Senior Deputy Governor are appointed by the Bank’s Board of Directors.

Governors – Bank of Canada

  • Graham Towers (1934–1954)
  • James Coyne (1955–1961)
  • Louis Rasminsky (1961–1973)
  • Gerald Bouey (1973–1987)
  • John Crow (1987–1994)
  • Gordon Thiessen (1994–2001)
  • David A. Dodge (2001–2008)
  • Mark Carney (2008–2013)

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