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Welcome to this in-depth look at the Bank of Canada and Canada’s financial system! Here you will learn how Canada’s central bank and other financial institutions contribute to the stability and the growth of the economy. You will also get to understand about monetary policy, financial regulation and the roles of banks in the economy. This wall includes only the best videos, websites and images that describe the role and the development of the Canadian financial system.

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This video is a brief introduction of the Bank of Canada and its main responsibilities such as the formulation of the monetary policy, the provision of payment system and the issuance of Canadian currency. It goes further to show how the Bank’s decisions impact common people of Canada in terms of interest rates and inflation.

I selected this video because the presenter provides a simple and easy to understand way of presenting difficult economic ideas. Unlike other resources, it provides real life examples to show how policies of the central bank affect Canadian households and firms.

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The video is about the factors that make Canada’s banking system one of the most stable in the world. It provides information about the legal requirements, managing of risks and the prudent measures that enabled the Canadian banks to withstand the 2008 financial crises as compared to other countries.

I chose this video to watch because it gives a good analysis of the difference between the Canadian and the international banking system. It is the only one that focuses on the actions that have made Canada’s banking system what it is today.

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Are Canadian Banks Safe? Aftermath of Silicon Valley Bank and Signature Bank

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In this presentation, the author focuses on the ways in which the legacy Canadian financial players are responding to the technological disruption, such as digital banking, cryptocurrencies, and open banking. It focuses on the state of innovation versus stability in the field of finance.

This video is valuable because it brings information about the future of banking in Canada and the ways in which Canadians will interact with banking technology.

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Financial Technology and Innovation in Banking

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The video shows how the Bank of Canada manipulates the interest rate and the transmission process of monetary policy and its impact on inflation, employment and growth.

I chose this because it is among the best sources of simplifying monetary policy concepts and using animation to explain economic principles.

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The official site contains all the necessary information regarding monetary policy in Canada, research on the financial system, and indicators. It contains educational information, official documents and policies, and live statistics reflecting the state of the economy.

It is a very useful website for its original and timely information on the Canadian monetary policy that is not available in other sites.

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The Bank of Canada today published a report summarizing the feedback it has received to date about a potential digital Canadian dollar.

Executive Director of Supervision Ron Morrow discusses the creation and coming into force of a new supervision regime to oversee retail payments.

The Bank of Canada has announced the five finalist teams in the 2023-24 edition of The Governor's Challenge, a competition where university students simulate the role of advisor to the Bank's Governing Council.

Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada must stay the course in its inflation fight.

Senior Deputy Governor Carolyn Rogers talks about why interest rates could settle at a higher level than Canadians are used to and why preparing early for that possible outcome is important.

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The Bank of Canada is the nation's central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada's monetary policy, bank notes, financial system, and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."

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This website provides information on the Canadian banking sector, and the services and products, statistics, and research on banking, security and consumer protection. It shows how the Canadian banking system works and its contribution to the Canadian economy.

The website is useful because of the rich collection of banking statistics and consumer-oriented educational materials that cannot be found on other sites.

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The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada's economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. www.cba.ca

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This government website targets teaching people about money and the banking industry. It offers means for comparing financial products, learning about rights, or making rational financial decisions.

I chose this for tools and calculators for Canadians to make better personal finance decisions, with information on consumer protection.

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On its website, OSFI explains how the financial institutions in Canada are regulated and supervised. It covers capital adequacy, risk management and other regulations that govern the banks.

This source is more useful in that it explains the rules and norms of banking to safeguard financial stability in Canada in detail.

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Office of the Superintendent of Financial Institutions

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A graphic presentation of the organizational structure and interconnectivity of the Bank of Canada with commercial banks and other financial institutions. This tool provides a view on how various components of the financial system are connected and depend on each other.

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A graphical analysis of important economic figures for Canada. In this sense, this image is truly representative of Canada’s economy at the moment and the determinants of the money supply.

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1.     The most interesting fact I found out was that Canada has a different system of banking and how it was able to survive the worst financial crises in the world. The conservative approach and high regulation have been shown to be highly successful.

2.     This is a good topic to me because it creates awareness of how the Bank of Canada’s interest rate changes impact the amount I pay for my mortgage or the interest I earn on my savings. It is also useful for making long term financial forecasts.

3.        The most important knowledge to share would be how central bank policies impact finances of an individual. Understanding how interest rates affect borrowing and savings can assist people in making better decisions in this area.