Name of student: Lou Christine S.

Gatoc
URL of online source:
https://www1.oanda.com/currency/iso-currency-codes/CAD
https://thecanadaguide.com/basics/money/
https://www.xe.com/currencyconverter/convert/?Amount=1&From=CAD&To=PHP
MONEY SUPPLY:
https://www.ceicdata.com/en/indicator/canada/money-supply-m1
https://tradingeconomics.com/canada/money-supply-m2
https://tradingeconomics.com/canada/money-supply-m3
https://tradingeconomics.com/canada/money-supply-m0
INSTITUTION
https://www.investopedia.com/terms/b/bankofcanada.asp
POLICY
http://wfhummel.net/canadiansystem.html

A. Currency Used and Exchange Rate of such currency to Philippine Peso

The Canadian Dollar (CAD) is the official currency of Canada. The

symbol used for the Canadian Dollar is $, or C$ to distinguish it from other
dollar currencies. The current exchange rate of 1 CAD to Philippine Peso is
36.9325
Canadian Coins: Loonie (One dollar), Toonie (Two dollars), Quarter (25 cents), Dime
(10, cents), Nickel (Five Cents) and Penny (one cent). Canadian paper money, also
known as bills, banknotes, or simply notes, is used for larger currency denominations, 5
dollar bill, 10 dollar bill, 20 dollar bill, 50 dollar bill and 100 dollar bill. The current
designs, known as the Polymer Series, are actually not made of paper at all, but a sort of
thin, flexible plastic known as polymer. Paper bills from the last series — known as the
Canadian Journey Series — which began in 2001 and started being officially phased out
in 2011, are still sometimes used. Canadian banknote designs usually change every 10
years or so.
B. The amount of money supply – M1 (Currency, demand deposits, traveler’s
check, and other checkable deposits)
Canada’s Money Supply M1 was reported at 828.492
USD bn in Jan 2020. This records an increase from the
previous number of 823.286 USD bn for Dec 2019.

The amount of money supply – M2 (Everything in M1, plus savings deposit,

small time deposit, money market mutual funds, and few minor categories)
Money Supply M2 in Canada increased to 1801010 CAD
Million in January from 1797721 CAD Million in December of
2019.
 The amount of money supply – M3 (Includes M2 plus long-term time
deposits in banks)
Money Supply M3 in Canada increased to 2623583 CAD
Million in January from 2611339 CAD Million in December of
2019.

The amount of money supply – M4 ( measure of notes and coins in

circulation (M0) + bank accounts)
M4 is similar to the M3 measure used in some other countries. M4 includes
everything in M2 (also called the retail component of M4) plus other deposits.
There are no other data that could provide the exact amount of M4 in Canada.
Money Supply M0 in Canada increased to 97235 CAD Million in January from
95271 CAD Million in December of 2019.

C. The name of the institution that oversees the banking system and regulates the
money supply
The Bank of Canada (BOC) is Canada's central bank, and was established in 1934
under the Bank of Canada Act. The Act stated that the Bank of Canada was created “to
promote the economic and financial welfare of Canada.” The BOC and its Governor are
responsible for setting monetary policies, printing money, and determining the
Canadian banks' interest rates.
 The Bank of Canada (BOC) is Canada's central bank, and is located in
Ottawa, the capital of Canada.
 As central bank, the BOC oversees the country's monetary policy
including setting interest rates and modulating the money supply.
 The BOC’s mandate is to promote economic stability in Canada
D. Monetary policy
The Bank of Canada establishes a target rate for the overnight interest rate
within an operating band in order to influence other short-term interest rates and the
exchange rate. The ability to influence other short-term rates partly reflects the fact
that inventories of money market securities are generally financed with overnight funds.
However other factors such as changing market expectations and exchange rate
developments also affect how other interest rates, including those with relatively short
terms to maturity, respond to changes in the target rate.