Bank of Canada in the context of "Mark Carney"

In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to international events affecting exchange rates. A currency that uses a floating exchange rate is known as a floating currency. In contrast, a fixed currency is one where its value is specified in terms of material goods, another currency, or a group of other currencies. The idea of a fixed currency is to reduce currency fluctuations.

In the modern world, most of the world's currencies are floating, and include the majority of the most widely traded currencies: the United States dollar, the euro, the Japanese yen, the pound sterling, or the Australian dollar. However, even with floating currencies, central banks sometimes participate in markets to attempt to influence the value of floating exchange rates. The Canadian dollar has not seen interference by the Canadian national bank with its price since September 1998. The US dollar also sees very little change of its foreign reserves.

The governor of the Bank of Canada (French: gouverneur de la Banque du Canada) is the chief executive officer of the Bank of Canada and acts as chair of its board of directors. The Bank of Canada Act, 1985, S. 6(1), provides that the governor and deputy governor shall be appointed by the directors with the approval of the Governor-General-in-Council.

Tiff Macklem serves as the current governor. He assumed office on June 3, 2020.

The Bank of Canada Act (French: Loi sur la Banque du Canada) is a statute that sets out the governance structure and powers of the Bank of Canada, which was created in 1934 as Canada's central bank. It was created as the result of the 1933 Royal Commission on Banking and Currency.

Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are issued by the Bank of Canada, which released its first series of notes in 1935. The Bank of Canada has contracted the Canadian Bank Note Company to produce the Canadian notes since then. The current series of polymer banknotes were introduced into circulation between November 2011 and November 2013. Banknotes issued in Canada can be viewed at the Bank of Canada Museum in Ottawa.

The Canadian Bank Note Company (CBNC) is a Canadian security printing company. It is best known for holding the contract with the Bank of Canada to supply it with Canada's banknotes since 1935. The company's other clients include private businesses, national and sub-national governments, central banks, and postal services from around the world. In addition to banknotes, the company produces passports, driver's licences, birth certificates, postage stamps, coupons, and many other security-conscious document-related products. It also prints and provides document reading systems for identification cards, lottery tickets, stamps, and banknotes.

From 1897 until 1923, CBN was a unit of the New York–based American Bank Note Company (now known as ABCorp). It was later a privately held company when it was acquired by Ottawa businessman Charles Worthen; beginning in 1976 Douglas Arends slowly acquired control of the company. It has since been based in Ottawa, Ontario.

The Bank of Canada Building is the head office of the Bank of Canada. It is located at 234 Wellington Street in Ottawa, Ontario, Canada.