Bank of Canada (BoC) & Financial Institutions by https://padlet.com/sharokh_786/6v3eizfbfk1e By: Sharokh Omari en-us 2019-10-21 22:26:14 UTC 2024-08-11 12:35:58 UTC hello@padlet.com Welcome To My Wall sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401029688 Today's topic is Bank of Canada and Financial institutions; the materials are covered through websites, videos, and images. 
Bank of Canada short of BoC is Canada's central bank. The main role of BoC is "to promote the economic and financial welfare of Canada,". 
Financial Institutions or Financial Intermediaries such as banks, insurance companies, mutual funds, finance companies channels funds from savers to borrowers for productive use in order to grow the economy.
 
]]> 2019-10-22 17:41:15 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401029688 Website #1 BoC & Financial Institutions sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401071381 BoC is Canada's central bank. As I point out in my welcome post; the main role of BoC is "to promote the economic and financial welfare of Canada,". To do so, the Bank regulates the money supply and acts to stabilize the Canadian economy by using monetary policy to keep inflation low and stable. 
 
I chose this Website because of its credibility. The link is taken straight from Canada’s Central Bank which removes any doubts, confusion and gives the reader a peace of mind. Moreover, the information is not  only accurate but I also found more information regarding BoC is responsibility compare to other websites.
  
]]> 2019-10-22 18:35:56 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401071381 Website #2 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401110224 Other responsibility of BoC is to regulate Monetary policy, Financial system, Currency, and Funds management. Monetary policy is the main tool that BoC have that directly affects the economy; their goal is to keep inflation low and stable through use of Monetary policy.  Monetary policy has two elements in it; first Money supply, and secondly the interest rate. Financial system: Bank of Canada regulates and promotes safe and efficient financial systems within Canada and abroad. BoC is also responsible for currency designs, printing, and distribution of the currency. And finally Funds Management: manages government account, public debt and finances government debt.
 
The reason why I chose this website is because of its trustworthiness. Investopedia is one of the well-known financial dictionary that has educational content and it primarily focuses on investing. I found very interesting about this website is it’s content is organized very well compare to other websites I have been using it through out high school and College. 
]]> 2019-10-22 19:37:12 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401110224 Website #3 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401128262 My first two websites focused on the Bank of Canada and I want to discuss the other two websites on Financial Institutions.

In Financial market funds are transferred from people who have extra funds (savers) to people who need funds (borrowers). The actual transfer of money happens in the Financial Institutions. Therefore, Financial Institutions plays an important role to the growth of our economy.  Without them, government, businesses, and investors would have had hard time to accumulate funds and expand their operation. 

I like the website because of its credibility. I know I have mentioned credibility more than twice but I have to admit that credibility is everything to me and I valued greatly. So, don’t be surprised to hear the word over and over again. The other reason why I like this website is because of its well design content and its very easy to understand and read the text.

]]> 2019-10-22 20:14:09 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401128262 Website #4 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401196969 In Canada there are three type of Financial Institutions; Depository institutions (banks), contractual savings institutions, and investment intermediaries. Depository institution includes Chartered banks, Trust and loan companies and Credit Union and Caisses poplaires. Contractual Savings Institutions includes Life insurance companies, Property and casualty insurance companies, and pension funds. Investment Intermediaries are Finance companies, Mutual funds, Money market mutual funds.  

I like the website because it was easy to find information and the wording of the text wasn’t too confusion. The one thing I really like about the website was it simplicity of the text and very detailed orientated. 
]]> 2019-10-22 23:59:36 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401196969 Video #1 BoC & Financial Institution sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401211863 The main objective of the Bank of Canada is to maintain value of Canadian dollar. To do so, Bank of Canada keeps inflation low, stable and predictable. This increases Canadian’s confidence in their value of money or purchasing power. As a result, savers continue to save without worrying they dollar worth less tomorrow. The Bank of Canada has a target of 2% inflation rate. They also oversee all the financial institution in order to protect capital Market and maintain the confidence of the investors.

I like the video because of its clarity on the topic. Moreover, Its credibility; the video was made and published by bank of Canada. I like it over the other videos because it was well explained and detailed.  
]]> 2019-10-23 00:47:15 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401211863 Videos #2 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401218069 The bank of Canada has four main responsibilities; Monetary policy, Financial system, Funds management and finally Currency. This video focuses on issue of Currency; Bank of Canada is responsible for the design, printing, and delivery of Canada’s bank Notes. The new polymer Bank notes are very durable. It has been tested on various temperatures from hot to cold, twisted and stretched to measure its durability. 

I like the video because of its simplicity on the topic. Moreover, its credibility; the video was made and published by bank of Canada. I like it over the other videos because it was well explained and detailed.  
]]> 2019-10-23 01:05:28 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401218069 Video #3 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401222601 In Canada there are three type of Financial Institutions; Depository institutions (banks), contractual savings institutions, and investment intermediaries. This video focuses on Depository Institution such as chartered banks; Schedule I: Schedule I chartered banks are domestic banks that accepts deposit and makes loan to individuals like mortgages, car loan etc., also issues loan to the government, and businesses. The bank has verity of services and products such as saving account, chequing account, different types of mortgages etc. 
 
I chose this video because it had graphic in it. It was very easy to understand and well articulated. I like this video over other videos I seen because it has graphic which made it more interesting to listen. 
]]> 2019-10-23 01:19:37 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401222601 Video #4 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401233395 This video gives a brief introduction of Financial Institution, almost everything that I mentioned on the websites column from one to four. It starts off with how individuals making transactions everyday, and making deposits to save money or withdraw to spend money. Bank lends out the deposited money to the other investors for productive use in the economy and gives interest to the consumer for the deposit they made. It goes on to explaining the types of Financial Institutions, such as Depository Institutions (banks), Contractual Savings Institutions, and Investment Intermediaries. 

I like the video because it was very interesting and the publisher made a great job of organizing the content in short video which is very difficult to in order to cover everything. Moreover, I like this video over other videos because it’s well oriented.
]]> 2019-10-23 01:54:27 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401233395 Images #1 BoC & Financial Institutions sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401242920 This is the image of central Bank of Canada, established in 1934 under the Bank of Canada Act. It located at 234 Wellington St W, Ottawa, ON K1A 0G9. 

]]> 2019-10-23 02:31:07 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401242920 Image #2 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401250168 This is chart published by Trading Economics website. The graph shows an increase of 1,051,590 CAD Million in August from 1,039,508 CAD Million in July of 2019 by the BoC.  ]]> 2019-10-23 03:05:17 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401250168 Image #3 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401251257 This is an image of five major schedule I domestic banks of Canada. Its federally regulated and also oversees by central Bank of Canada. Their responsibility is to help economic growth and protect the integrity of the capital market.]]> 2019-10-23 03:10:45 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401251257 Image #4 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401253098 Millions of transactions occur within a day, which is worth billions of dollars; this has to looked and verified by the financial institutions. This image conveys how much complex our financial system actually is. 

]]> 2019-10-23 03:19:28 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401253098 sharokh_786 https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401764735 2019-10-23 22:59:53 UTC https://padlet.com/sharokh_786/6v3eizfbfk1e/wish/401764735