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Banking in Canada

Banking in Canada is one of the safest and most efficient systems in the world and has the highest number of automated banking machines per capita. The central bank is the Bank of Canada. There are six other main banks in Canada. There are a number of minor banks. There are also many foreign Banks that operate in Canada including HSBC Canada and AMEX Bank of Canada.

Setting up a bank account in Canada is not difficult, but setting one up before you go could be a good idea. Some banks will open an account online. Many UK banks offer links with Canadian banks and can help you to set up an account before you arrive in Canada. Internet and telephone banking services are widely available in Canada plus Small Business Accounts.

Inflation is at 2.4 %.

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