The Bank of Canada prints money only when it is conducting monetary policy.

Question

Quizplus · Accepted Answer

The Bank of Canada is responsible for ensuring that there is enough money in circulation to support economic activity, but it does not print money in the traditional sense. Rather, it uses various tools of monetary policy, such as adjusting interest rates and buying or selling government securities, to influence the money supply. Printing physical currency is the responsibility of the Canadian Bank Note Company, which is a private sector company under contract to the government of Canada.

The Bank of Canada Prints Money Only When It Is