Canada's financial system consists of financial institutions, such as banks and credit unions; the financial markets; and payments systems. It is the channel through which savings become investments, and through which money and financial claims are transferred and settled. A stable financial system is therefore essential to the health of Canada's economy.
The Bank of Canada works with other agencies and market participants to promote the safe and efficient operation of the system's key elements. The Bank:
In-depth information for both general and specialized audiences.
One of the functions of the Bank of Canada is to act as a "lender of last resort."