The CROWN
In Canada, Crown corporations (French: Société de la Couronne)[1] are government organizations with a mixture of commercial and public-policy objectives.[2][3] They are directly and wholly owned by the Crown (i.e., the Canadian federal government or the provincial governments).[2]
Crown corporations represent a specific form of state-owned enterprise.[4][5][6] Each corporation is ultimately accountable to (federal or provincial) Parliament through a relevant minister for the conduct of its affairs.[7] They are established by an Act of Parliament and report to that body via the relevant minister in Cabinet, though they are "shielded from constant government intervention and legislative oversight" and thus "generally enjoy greater freedom from direct political control than government departments."[3]
Crown corporations are distinct from "departmental corporations" such as the Canada Revenue Agency.[2][6]
Crown corporations have a long-standing presence in the country and have been instrumental in its formation. They can provide services required by the public that otherwise would not be economically viable as a private enterprise or that do not fit exactly within the scope of any ministry.[6] They are involved in everything from the distribution, use, and price of certain goods and services to energy development, resource extraction, public transportation, cultural promotion, and property management.
As of 2022, there were 47 federal Crown corporations in Canada.[8] Provinces and territories operate their own Crown corporations independently of the federal government.
https://en.wikipedia.org/wiki/Crown_corporation
The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank.[4] Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy,[5] and for the promotion of a safe and sound financial system within Canada.[6] The Bank of Canada is the sole issuing authority of Canadian banknotes,[7][8] provides banking services and money management for the government, and loans money to Canadian financial institutions.[9][10] The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935.
https://en.wikipedia.org/wiki/Bank_of_Canada