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.

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1870 Dominion of Canada ~ Dc-1b ~ Shinplaster Letter "B"1870 Dominion of Canada ~ Dc-1b ~ Shinplaster Letter "B" $145.00 $20 Canada 1969 Star Replacement Note Bc-50bA$20 Canada 1969 Star Replacement Note Bc-50bA
1972 $5 Bc-48bA *Sl 2294498 Choice New64Ppq Look!1972 $5 Bc-48bA *Sl 2294498 Choice New64Ppq Look! $5 2006 Canada Banknote fancy number with 8's & stubble error - ch unc !$5 2006 Canada Banknote fancy number with 8's & stubble error - ch unc ! $59.95
1937 Bank Of Canada Ten Dollar $10 Coyne / Towers Ht 45450991937 Bank Of Canada Ten Dollar $10 Coyne / Towers Ht 4545099 3 x Canada One Dollar Bank Notes (1954, 1967 and 1973)3 x Canada One Dollar Bank Notes (1954, 1967 and 1973) $7.75
Canada 100 Dollars 2004/2006 P 105 UncCanada 100 Dollars 2004/2006 P 105 Unc $159.99 Canada 1000 Dollars 1988, P.100a UncCanada 1000 Dollars 1988, P.100a Unc $3,375.00
1967 Canada Centennial One Dollar Bank Note (Uncirc)1967 Canada Centennial One Dollar Bank Note (Uncirc) $6.25 1954 Canada $1 Replacement Banknote *0077962 Beattie - Rasminsky1954 Canada $1 Replacement Banknote *0077962 Beattie - Rasminsky
Bank Of Canada Bills- 1867 - 1967 - UncBank Of Canada Bills- 1867 - 1967 - Unc Canada 1 Dollar 1967 P 84b P 84 b Au-UncCanada 1 Dollar 1967 P 84b P 84 b Au-Unc $6.39
One Canadian Twenty Dollar $20 1954. Devil'S Face Ae 0386446 Ef+ One Canadian Twenty Dollar $20 1954. Devil'S Face Ae 0386446 Ef+ $56.09 Ca- Zambia 1000 Kwacha Polymer-UncCa- Zambia 1000 Kwacha Polymer-Unc $1.99
Rare 1935 $1000 Bc-19 Pmg Vf20.Rare 1935 $1000 Bc-19 Pmg Vf20. $7,749.00 Canada: 1954 2 Dollar B-Note: Decentralized Error, P76aCanada: 1954 2 Dollar B-Note: Decentralized Error, P76a
Ca- Indonesia 1000 Rupiah 1992-UncCa- Indonesia 1000 Rupiah 1992-Unc $1.49 ~Canada 1975 ~$100 one hundred x 1 ~ Ef~Canada 1975 ~$100 one hundred x 1 ~ Ef
Bank Of Canda 5- One Dollar Bills Paper (1-1937) (2-1954) Candian Bank Of Canda 5- One Dollar Bills Paper (1-1937) (2-1954) Candian Lot of Canadian Paper Money and Coins 1954 Bank Notes!Lot of Canadian Paper Money and Coins 1954 Bank Notes! $22.85
Bank of Canada 1954 $10.00 Devil's Face Beattie & Coyne Bc-32bBank of Canada 1954 $10.00 Devil's Face Beattie & Coyne Bc-32b $39.95 Canada 2004 $100 Banknote ErrorsCanada 2004 $100 Banknote Errors $127.50
Canadian Bank Notes Odd Serial NumbersCanadian Bank Notes Odd Serial Numbers $1.00 Canada 1000 Dollars 1954 (1973-84), P.83d UncCanada 1000 Dollars 1954 (1973-84), P.83d Unc $3,750.00
Canada P-New 2008(2004) 50 Dollar (Gem Unc)Canada P-New 2008(2004) 50 Dollar (Gem Unc) $72.38 1937 Bank of Canada $50 Bank Note Coyne-Towers Signature B/H Prefix1937 Bank of Canada $50 Bank Note Coyne-Towers Signature B/H Prefix $135.00
3 x Canada Two Dollar Bank Notes (1954, 1974 & 1986)3 x Canada Two Dollar Bank Notes (1954, 1974 & 1986) $12.50 1973 Canadian 3 Sequential One Dollar Notes Mint Uncirculated - Or2794773-4-51973 Canadian 3 Sequential One Dollar Notes Mint Uncirculated - Or2794773-4-5
Canada 100 Dollar 2011 Polymer P New UncCanada 100 Dollar 2011 Polymer P New Unc $109.00 Lot of 4, 1954 $1 & $2 & 1973 &1974 $1 & $2 Canada BanknotesLot of 4, 1954 $1 & $2 & 1973 &1974 $1 & $2 Canada Banknotes
Canada 5 Dollars 1986 Belted Kingfisher Bird Dollar Free Shipping WorldwideCanada 5 Dollars 1986 Belted Kingfisher Bird Dollar Free Shipping Worldwide 1973 Canadian One Dollar Note Mint Uncirculated - Acd-66417801973 Canadian One Dollar Note Mint Uncirculated - Acd-6641780
1967 Canada $1 Bill, Commemorative Centennial Note, Canadian Currency1967 Canada $1 Bill, Commemorative Centennial Note, Canadian Currency Bank Of Canada Bills-1967 F/P - Vf Bank Of Canada Bills-1967 F/P - Vf
1973 Canadian One Dollar Note Mint Uncirculated - Eaa93820811973 Canadian One Dollar Note Mint Uncirculated - Eaa9382081 1954 Bank of Canada $5 Bank Note S/X8968451 Bouey - Rasminsky1954 Bank of Canada $5 Bank Note S/X8968451 Bouey - Rasminsky
1973 Canadian One Dollar Note Mint Uncirculated - Iw-52904071973 Canadian One Dollar Note Mint Uncirculated - Iw-5290407 Crisp/Uncircula​ted 1867-1967 Canadian One Dollar Centennial BanknotesCrisp/Uncircula​ted 1867-1967 Canadian One Dollar Centennial Banknotes
Bank Of Canada Bills- 1973 - Acp - UncBank Of Canada Bills- 1973 - Acp - Unc 1967 Bank Of Canada $1.00 Note Unc @Rare@1967 Bank Of Canada $1.00 Note Unc @Rare@ $5.99
Three Canadian Bills $1 - '1973', $5 - '1954', and $10 - '1971'Three Canadian Bills $1 - '1973', $5 - '1954', and $10 - '1971' $9.99 1986 Canadian Uncirculated two dollar bills with Sequential serial # 1986 Canadian Uncirculated two dollar bills with Sequential serial # $6.00
Canada P-102 2003(2001) 10 Dollar (Gem Unc)Canada P-102 2003(2001) 10 Dollar (Gem Unc) $16.38 Bank of Canada 1937 $20.00 Dollar Bank Note H/E 9056681 Bc-25cBank of Canada 1937 $20.00 Dollar Bank Note H/E 9056681 Bc-25c $62.95
Canada - One Dollar 1954 @ Devil'S Face @ Crsip !Canada - One Dollar 1954 @ Devil'S Face @ Crsip ! $24.99 Bank Of Canada One Dollar 1973 Bc-46b Pcgs Super Gem 68PpqBank Of Canada One Dollar 1973 Bc-46b Pcgs Super Gem 68Ppq $159.00
1991-Twenty Dollar Thiessen Ait Bank Note1991-Twenty Dollar Thiessen Ait Bank Note $25.00 Canada Queen Elizabeth Ii Two Dollar 1954 C/G Bc-38c Sn1009Canada Queen Elizabeth Ii Two Dollar 1954 C/G Bc-38c Sn1009
Complete Multicoloured Set $1 To $100 9 Notes No Reserve! #5Complete Multicoloured Set $1 To $100 9 Notes No Reserve! #5 Canada: 2 x 1954 1 Dollar Banque Du Canada:Decentra​Liz ed Consecutive Errors, UncCanada: 2 x 1954 1 Dollar Banque Du Canada:Decentra​Liz ed Consecutive Errors, Unc
Canada 1 dollar 1937 and 1923 25 centsCanada 1 dollar 1937 and 1923 25 cents $6.00 Canada 1935 10$ Bank of Canada English a nice bank note Canada 1935 10$ Bank of Canada English a nice bank note
Canada 20 Dollars 1991 Ottawa and Canada 1 Dollar 1973 Ottawa Circulated Canada 20 Dollars 1991 Ottawa and Canada 1 Dollar 1973 Ottawa Circulated $20.27 Canada 1 Dollar Nd P. 66aCanada 1 Dollar Nd P. 66a $185.00
1973 Canadian Dollar (Circulated)1973 Canadian Dollar (Circulated) Five Canadian $1 bills (4) -1954 and (1) - 1967 All in circulated conditionFive Canadian $1 bills (4) -1954 and (1) - 1967 All in circulated condition $5.00
Ca- Brazil 10000 Cruzeiros Nd-aUncCa- Brazil 10000 Cruzeiros Nd-aUnc $1.99 New! 60 Sleeve Holders for Small Bank Note CurrencyNew! 60 Sleeve Holders for Small Bank Note Currency
Canada King George Vi One Dollar 1937 Bc-21d S/NCanada King George Vi One Dollar 1937 Bc-21d S/N Bank of Canada, $100, 2011, First Polymer, P-New, UncBank of Canada, $100, 2011, First Polymer, P-New, Unc
1986 Bank of Canada Note $2 Uncut Sheet of 40(4X10) Unc1986 Bank of Canada Note $2 Uncut Sheet of 40(4X10) Unc 1954 Bank Of Canada $1.00 Note V Fine @Rare@1954 Bank Of Canada $1.00 Note V Fine @Rare@ $5.99
(4) Beautiful Brand New Unc. Canada $5 Bills From Bank Of Canada Wrap(4) Beautiful Brand New Unc. Canada $5 Bills From Bank Of Canada Wrap 1973 Bank of Canada One Dollar $1.00 1973 Bank of Canada One Dollar $1.00 $3.49
1973 Canadian 2 Sequential One Dollar Notes Mint Uncirculated - Eab6015728~91973 Canadian 2 Sequential One Dollar Notes Mint Uncirculated - Eab6015728~9 1954 Canada $1 Modified Rep. Low Serial Number Vf1954 Canada $1 Modified Rep. Low Serial Number Vf
Three Canadian $2 bills (2) -1954 and (1) - 1974 All in circulated conditionThree Canadian $2 bills (2) -1954 and (1) - 1974 All in circulated condition $5.00 2 x Canada Two Dollar Bank Notes (1974 & 1986)2 x Canada Two Dollar Bank Notes (1974 & 1986) $8.50
2001 Canada $10 Error Mismatched Serial Numbers Fine2001 Canada $10 Error Mismatched Serial Numbers Fine 2 x Canada One Dollar Bank Notes (1967 and 1973)2 x Canada One Dollar Bank Notes (1967 and 1973) $6.75
Bank of Canada 1954 $100.00 Dollar Bank Note A/J 5902291 Bc-43aBank of Canada 1954 $100.00 Dollar Bank Note A/J 5902291 Bc-43a $142.95 20 Canadian Dollars 2011 20 Canadian Dollars 2011 $25.50
1937 Bank Of Canada Banque Du Canada One Dollar Un Dollar Choice Uncirculated1937 Bank Of Canada Banque Du Canada One Dollar Un Dollar Choice Uncirculated $65.00 1975 $50 Bank of Canada Rcmp ~ Replacement Bc-51aA-i1975 $50 Bank of Canada Rcmp ~ Replacement Bc-51aA-i $1,000.00
Bc-56c Canadian 5$ bills Gunc Bo -ThBc-56c Canadian 5$ bills Gunc Bo -Th 1923 Dominion of Canada 25 Cents Bank Note (Shinplaster)1923 Dominion of Canada 25 Cents Bank Note (Shinplaster) $12.50
Banknote collection Canada 5 pcs. Unc Banknote collection Canada 5 pcs. Unc $48.00 Canada 1937 $1 Coyne Towers E/N Block Canada 1937 $1 Coyne Towers E/N Block
1991 $20 replacement note Aix1991 $20 replacement note Aix $99.99 1986 Bank Of Canada $2 Uncut Sheet of 40(5X8)Unc/Not Au1986 Bank Of Canada $2 Uncut Sheet of 40(5X8)Unc/Not Au $255.00
Canada Bank Note 2 Dollars.1974.Cr​ow- Bouey.Uncirc​ulatedCanada Bank Note 2 Dollars.1974.Cr​ow- Bouey.Uncirc​ulated $10.95 1973 1$ Bank of Canada Bc-46 aA Prefix Il replacement note Pcgs 64Ppq1973 1$ Bank of Canada Bc-46 aA Prefix Il replacement note Pcgs 64Ppq
Bank Of Canada Bills-1967 N/O - Ef To AuBank Of Canada Bills-1967 N/O - Ef To Au Consecutive Serial #S Uncirculated $2 Canadian BillConsecutive Serial #S Uncirculated $2 Canadian Bill $15.95
1973 Canadian 2 Sequential One Dollar Notes Mint Uncirculated - Np-2087432 -31973 Canadian 2 Sequential One Dollar Notes Mint Uncirculated - Np-2087432 -3 Bank of Canada 1954 $5.00 Beattie & Coyne X/C 1205738 Bc-39a-iBank of Canada 1954 $5.00 Beattie & Coyne X/C 1205738 Bc-39a-i $12.95
$1000 Canadian Dollar Bill 1988 - Great condition!$1000 Canadian Dollar Bill 1988 - Great condition! $1,600.00 1973 Bank Of Canada Note $1 No.Ge9642785.Gu​nc 1973 Bank Of Canada Note $1 No.Ge9642785.Gu​nc $135.00
Bank Of Canada Bills- 1973 - Acp - 3 Consecutive UncBank Of Canada Bills- 1973 - Acp - 3 Consecutive Unc Canada 20$ Bill Note Canadian Currency paper bill Current currency New bill $20Canada 20$ Bill Note Canadian Currency paper bill Current currency New bill $20 $24.99
Ca- Sudan 1 Pound 1987-UncCa- Sudan 1 Pound 1987-Unc $1.99 1937 Canada One Dollar Bank Note (King George Vi)1937 Canada One Dollar Bank Note (King George Vi) $9.00
Bc-46a Canadian 1$ bills Gunc La-BoBc-46a Canadian 1$ bills Gunc La-Bo Bird Series Set $2, $5, $10, $20, $50, $100. 6 Notes No Reserve! #7Bird Series Set $2, $5, $10, $20, $50, $100. 6 Notes No Reserve! #7
1954 Bc-44c $1000 Pcgs Au50Ppq Scarce Signature1954 Bc-44c $1000 Pcgs Au50Ppq Scarce Signature $50 Canadian Bank Note - 1937$50 Canadian Bank Note - 1937 $106.98
1954 Canada One Dollar Bank Note 1954 Canada One Dollar Bank Note $5.00 Canada 1973 $1 Bc-37b-i Cunc Pair consecutive numbers Beattie-Rasm. A/P7751515-6Canada 1973 $1 Bc-37b-i Cunc Pair consecutive numbers Beattie-Rasm. A/P7751515-6
Bank Of Canada Bills- 1954 - Five Dollar T/X - EfBank Of Canada Bills- 1954 - Five Dollar T/X - Ef 1937 $100 Hundred Dollars Bank of Canada ~ Bc27c Coyne - Towers B/J 46904261937 $100 Hundred Dollars Bank of Canada ~ Bc27c Coyne - Towers B/J 4690426 $210.00
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Prices current as of last update, 02/08/12 8:23pm.
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