Banking in Canada Before Confederation, 1792-1867
Type of resource | |
---|---|
Authors/collaborators |
|
Title |
Banking in Canada Before Confederation, 1792-1867
|
Abstract |
In 1817, Montreal bankers were granted a charter by the British government to open the Bank of Montreal, the first formal bank in Canada. Under its charter, the Bank of Montreal was given a monopoly on the right to issue promissory notes. Because of its monopoly rights, the Bank of Montreal essentially acted as a central bank for both Upper and Lower Canada until rival banks were established in the two colonies.
|
Book Title |
Approaches to Canadian Economic History: A Selection of Essays
|
Place |
Toronto, ON
|
Publisher |
McClelland and Stewart
|
Date |
1967
|
Pages |
127-168
|
Language |
en
|
Citation |
Hammond, Bray. “Banking in Canada Before Confederation, 1792-1867.” In Approaches to Canadian Economic History: A Selection of Essays, edited by W. T. Easterbrook and M. H. Watkins, 127–168. Toronto, ON: McClelland and Stewart, 1967.
|
Find in a library | |
Permalink |