https://padlet.com/karamveerk388/7jhk3dnuey81 Assignment 2 en-us 2018-06-18 20:20:47 UTC 2023-03-17 04:12:58 UTC hello@padlet.com karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683305 2018-06-18 20:22:54 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683305 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683450 My topic introduce Bank of Canada and Financial institutions. My topic provide brief information about the Bank of Canada and its policies. The bank of Canada is the central Bank of Canada. It is responsible for Canada monetary policy. This bank is very good example of Canada s safe sound financial system. In this topic I also discussed some other financial institutions on Canada.

]]> 2018-06-18 20:24:41 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683450 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683810 Bank of Canada offers many deals to their customers that are safe and beneficial for them.]]> 2018-06-18 20:28:49 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683810 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683987 In this video we came to know about the different policies of financial institutions of Canada. We came to know about the Fiscal and Monetary policy of Bank of Canada after watching this video. It tell us briefly that what are the fiscal and monetary policy and in which conditions bank follow these policies.]]> 2018-06-18 20:30:26 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267683987 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267684151 The main role of Bank of Canada is to focus on low, stable inflation and efficient Financial system in Canada. It provides efficient funds management services for the government of Canada. The best achievement of Bank of Canada is its ability to manage the interest rate of borrowed money. This Bank does not issue the coins, it is issued by Royal Canadian mint.]]> 2018-06-18 20:32:15 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267684151 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267684723 Bank of Canada is considered is the best bank of Canada. it provides lot of benefits to their investors and customers. Bank of Canada provides the lowest interest rates to their customers that is the one reason of the popularity of this bank. In the following video we came to know about the benefits and facilities that is provided by Bank of Canada]]> 2018-06-18 20:38:13 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267684723 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267687465 In Canada there are many financial institutions that provide services to the citizens. Every bank offers a different roles and facilities to people. Canada Trust, Scotia Bank, RBC bank, CIBC bank and BMO are some famous bank that are situated in Canada. They play a vital role in the financial system of Canada.]]> 2018-06-18 21:09:36 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267687465 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267688747 The Bank of Canada Influenced the monetary policy by appreciating the short term interest rates. To achieve this they lower the overnight rate. The overnight rate stands for the interest rate for any financial institutions that borrow money from the other bank for one day among themselves. It has also effect on the exchange rate of Canadian dollar. After a certain period of time Bank of Canada changes its interest rates. In December 2000 the Bank of Canada decided to begin the setting level of Bank rate. To follow this they decided the eight fix days in year on which they implement the overnight rates. This will prove very useful for the bank and provide lot of benefits to bank and people that are connected to Bank of Canada]]> 2018-06-18 21:25:18 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267688747 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267690050 Canada is one of the best country in the world that has the safest banking system in the world according to the World Economic Forum. In 2010, the Bank of Canada is came among the 10 world s safest bank by the Gold Finance Magazine. The Banks in Canada comes under two categories, the Big Five and the smaller second tier banks. The Big Five are not just Canadian Bank, they are considered as international financial system. These Big Five comprise their other activities they are not regulated from the other banks.]]> 2018-06-18 21:42:21 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267690050 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267691295 In this video he discussed about the five main bank in Canada. This video give us brief information about to open the account in bank. It told us about the credit card, master card and ATM of the five banks. These five banks are Canada Trust , Royal Bank of Canada , CIBC bank , Scotia Bank and National Bank. This video also give information about the policies and benefits to the international students to open their bank account. So, it gives us information about the different banking system in Canada ]]> 2018-06-18 21:59:31 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267691295 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267692613 This chart explains the transmission Mechanism of Monetary policy. The overnight interest rate refers to long term interest rate and Exchange rates. After that it depends on the consumption and investment , Government expenditure and net export. These all factors Depend on aggregate demand. After that it obtain actual and potential output. Then these output gap that leads to inflation. So, it explain the monetary policy.]]> 2018-06-18 22:19:47 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267692613 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267694304 Canada provides lot of benefits to their Customers. It provides online access to the customers . So , they can easily use the online banking from their phone. Online banking allows us the access to our accounts. it makes us easy to make the transaction through internet. We can use online banking to pay bills and to transfer the money to other account. It cost less than the in branch transactions or ATM services.To use the Online banking it is very necessary to do the registration with your financial institutions. The biggest advantage of mobile banking is that we can use it anywhere. We have no need to go to bank to do even single transaction. so it provide various benefits to customers. ]]> 2018-06-18 22:40:21 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267694304 karamveerk388 https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267706812 2018-06-19 01:01:01 UTC https://padlet.com/karamveerk388/7jhk3dnuey81/wish/267706812