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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Bank of Canada (BoC)

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Glossary
Reading time: 1 minute(s)
The Bank of Canada is the central bank of Canada, established in 1934 in Ottawa. Find out what role it plays in today's economy, and why it matters it your trading.

Table of contents

  • The Bank of Canada is the central bank of Canada, established in 1934 in Ottawa.
  • The Governor of the Bank of Canada is Stephen Poloz.

The role of the Bank of Canada is "to promote the economic and financial well-being of Canada" as mentioned in the Bank of Canada Acts.

The BoC is led by a Regulatory Council made up of:

  • Governor
  • Senior Vice-Governor
  • Four vice-governors

The role of the Regulatory Council is to direct the country's monetary policy, promote an efficient financial system, and also to establish the strategic direction that the bank should undertake.

In what areas does the BoC practice?

The Bank of Canada practises in:

  • Monetary politics
  • Finance system
  • Currency
  • Fund management

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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