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The Bank of Canada is Canada’s central bank.was established in 1934 under the Bank of Canada Act, to “promote the economic and financial well-being of Canada.” It is the sole issuer of banknotes in Canada, and the central bank for the Canadian dollar. The bank’s headquarters are located at 234 Wellington Street in the city of Ottawa.The Bank of Canada and its governor are responsible for issues such as setting monetary policy,  printing money and determining the interest rate of Canadian banks.