Other meetings were larger in scale, with more formal agendas focusing on a particular aspect of small business financing, such as minority entrepreneurship, the role of Community Development Financial Institutions (CDFIs), or federal guarantee loan programs. Several meetings focused on a specific industry, such as auto suppliers.
In this environment, the Bank of Canada opened its doors in March 1935, to provide an effective, centralized monetary authority for Canada. Then, as now, our mandated role has been to regulate credit and currency in the best interests of the economic life of the nation and, generally, to promote the economic and financial welfare of Canada.