Bank of Canada

governor

State's chief executive

• deputy governorGovernor's designated successor
• governing councilBody that directs affairs
• headquartersCentral command location
• OttawaCanada's seat of government

board of directors · charter · mandate · independence · nationalization · 1934 · founded

loonie

Canadian one-dollar piece

• banknotePrinted legal tender
• legal tenderOfficially recognized payment medium
• circulationMovement through a system
• mintingProducing official currency

denomination · exchange rate · forex · currency reserves · bills · cash · coinage

inflation

Sustained price level increase

• recessionProlonged economic decline
• GDPNational output abbreviation
• unemploymentBeing without paid work
• economic growthSustained output increase

business cycle · consumer spending · labor market · productivity · trade balance · economic indicators · capacity · demand

interest rates

Price paid for borrowing

• quantitative easingAsset purchases to boost economy
• price stabilityConsistent general price levels
• tighteningMaking less loose
• easingReducing strain or difficulty

accommodation · normalization · stimulus · hawkish · dovish · rate cut

lender of last resort

Emergency credit source for banks

• financial stabilitySound economic standing
• oversightSupervision or inadvertent omission
• regulationOfficial rules governing conduct
• systemic riskEconomy-wide collapse potential

liquidity · stress testing · payment systems · clearing · settlement · prudential · financial crisis · bailout

economic analysis

Study of resource allocation

• projectionsEstimates extending forward
• surveysSystematic information gathering
• publicationsWorks issued to readers
• working papersLegal employment documentation

statistics · data · forecasting models