Hello montyloree and thank you for the greeting. Hello also everyone else. I apologize for coming on very strong in my previous post.
You are correct in the technical sense for being a crown corporation verses a private company. Because that is what we have been taught for along time. But here a link from the Bank of Canada site.
http://www.bankofcanada.ca/en/about/are.html
Here is a quote.
" The Bank is not a government department and conducts its activities with considerable independence compared with most other federal institutions. For example:
* The Governor and Senior Deputy Governor are appointed by the Bank's Board of Directors (with the approval of Cabinet), not by the federal government.
* The Deputy Minister of Finance sits on the Board of Directors but has no vote.
* The Bank submits its expenditures to its Board of Directors. Federal government departments submit theirs to the Treasury Board.
* Bank employees are regulated by the Bank itself, not by federal public service agencies.
* The Bank's books are audited by external auditors appointed by Cabinet on the recommendation of the Minister of Finance, not by the Auditor General of Canada."
As you see the only government official has no say in the day to day policies. So the only conclusion is that they must laugh out loud every time they view that page themselves. As it is a joke for them to say and I quote again the same page.
" Ultimately, the Bank is owned by the people of Canada."
or maybe it is suppose to say
" Ultimately, the Bank own the people of Canada"
I await your comments friends
Thanks
Now if I could just find my tin foil hat, maybe I wouldn't have responded to this site. LoL