Sunday, December 23, 2007

Preable to Bank of Canada Act

The preamble of the Bank of Canada Act establishes its goal:

... to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action.

William Krehm, The Bank of Canada -- A Misused Tool

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