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Knowledge base/CA-K084
CA-K084Economy & trade

The Bank of Canada opened in 1935

An interior view of the Bank of Canada building in Ottawa, photographed in 2013.
An interior view of the Bank of Canada building in Ottawa, photographed in 2013. Bank of Canada, Wellington St, Ottawa (491773) (9450301964) · Robert Linsdell from St. Andrews, Canada · Photo source · Photo licence: CC BY 2.0. Resized for display; item previews may be cropped. The image remains under the licence shown.
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The Bank of Canada Act received royal assent on 3 July 1934, and the Bank of Canada opened in March 1935 as a privately owned institution with shares sold to the public. It became publicly owned in 1938 and remains so today.

Scope & context

The central bank’s founding and ownership, not its monetary policy role or its bank note responsibilities (see CA-K046).

Sources behind this record

1
Our history ↗

Bank of Canada

The time before our central bank