What is the primary function of the Bank of Canada?

Question

Quizplus · Accepted Answer

The primary function of the Bank of Canada is to regulate the supply of money in Canada to maintain a healthy economy. This involves managing interest rates, controlling inflation, and ensuring the stability of the financial system, among other things. While the Bank of Canada does work closely with the government to achieve these goals, it does so independently of political influence. The Bank of Canada does not charter national banks, as that is the responsibility of the Office of the Superintendent of Financial Institutions.

What Is the Primary Function of the Bank of Canada