Which agency is responsible for regulating the money supply in Canada?

Question

Quizplus · Accepted Answer

The Bank of Canada is responsible for regulating the money supply in Canada by adjusting interest rates and controlling the amount of money in circulation. Finance Canada is responsible for formulating economic policy, but not specifically for regulating the money supply. The Royal Bank of Canada is a commercial bank and the Canadian Payments Association is responsible for overseeing payment systems in Canada, but neither are responsible for regulating the money supply.

Which Agency Is Responsible for Regulating the Money Supply in Canada