https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9 By: Jonathan Samaroo for GNED 1140 en-us 2018-04-17 19:22:56 UTC 2026-02-28 19:25:58 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Manbag.png jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/252750017 2018-04-17 19:27:49 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/252750017 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259104 Here you will find interesting information on the functions of the Bank of Canada, that I would like to share. I have listed 3 videos, 3 websites and 3 images I feel are interesting and relevant to the topic.]]> 2018-04-19 02:32:36 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259104 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259762 This reveals the history of the bank of Canada, the reasons its functions are useful and necessary in the Canadian economy. I believe this video was relevant to the topic, as not only is it useful to know the current functions, but the reason it was founded, and how its evolved. An interesting piece of information I found in this video is the explanation of infrastructure bank proposed by the government of Canada.]]> 2018-04-19 02:37:40 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259762 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259799 This video reveals how the bank of Canada functions, including how they promote a healthy economic system in Canada. They begin the video with the question what makes our money useful, and valuable. This video is relevant to the topic, as one of the key functions of the bank of Canada is maintaining economic stability. Although this topic was covered in class, I found it interesting that in order to achieve this stability, they aim for an average annual inflation rate of 2%, through using a monetary policy.]]> 2018-04-19 02:37:53 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259799 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259864 This video reveals in detail, the transmission of monetary policy. Specifically, it covers how the changes in the Bank of Canada’s policy rate affects the economy and inflation. I believe this relevant to the topic as it goes into detail of Canada’s monetary policy and the main instruments they use to implement it. An interesting piece of information I found was they aim to keep the annual inflation rate around 2%, by using the CPI as a measure.]]> 2018-04-19 02:38:15 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259864 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259920 This website communicates the general information about the bank of Canada. It explains what the bank does, who runs the bank, that it is separate from the political process, requirements of the bank, and its history. I found this page to be relevant to the topic, as all the general information necessary for those looking for information on the bank. One useful piece of information I found is that the bank is a special crown corporation, where although it is owned by the federal government, it had a considerable amount of independence to carry out its responsibilities.]]> 2018-04-19 02:38:39 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253259920 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260049 This website communicates the core functions of bank of Canada. Where the previous link explained about the bank itself, this link explains its functions. Specifically they are Monetary Policy, Financial systems, Currency and Funds Management. This website is extremely relevant to the topic; alone I feel it would be sufficient to explain the functions of the bank. One interesting piece of information I found, was that their Funds Management function; where the bank of Canada works as the fiscal agent for the Canadian government. ]]> 2018-04-19 02:39:29 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260049 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260184 This website communicates more information on the bank of Canada, specifically what is the bank of Canada, its areas of responsibility, and functions. I feel this was relevant to the topic as it also included statistics on how the Bank manages inflation via the monetary policy. A piece of information I found interesting was that the interest rate is decided eight times a year, and through this, can affect the economy (example: cuts are used to boost the economy).]]> 2018-04-19 02:40:23 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260184 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260493 This is an image of the governing council for the Bank of Canada; the policy-making body. The council is made up of the governor, senior deputy governor, and for deputy governors.]]> 2018-04-19 02:42:21 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260493 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260702 This is an image of the governor for the Bank of Canada, Stephen S. Poloz. He is the Banks CEO, and ultimately has full control over the business of the Bank.]]> 2018-04-19 02:43:27 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260702 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260750 This is an image of the senior deputy governor (deputy executive), Carolyn Wilkins. One of her main responsibilities is to oversee the Bank's strategic planning and operations.]]> 2018-04-19 02:43:39 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253260750 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253261133 2018-04-19 02:45:53 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253261133 jonathan_samaroo https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253277508 2018-04-19 04:51:27 UTC https://padlet.com/jonathan_samaroo/jmbc1hrz1dl9/wish/253277508