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Bank Of British Columbia
Two Canadian banks have been named the Bank of British Columbia. The first bank: 1862–1901 The first one was established by Royal Charter in 1862, with its head office in London. Between 1862 and 1871, it issued dollar banknotes. By 1885, branches operated in San Francisco, Portland (est. 1866), Victoria (est. 1862) and New Westminster (est. 1862). In 1889, a branch was established in Seattle. In 1901, it merged with the Canadian Bank of Commerce. At the time of the merger, branches existed in Vancouver (est. 1886), Victoria, Kamloops, Nanaimo, Nelson, New Westminster, Rossland, Sandon, San Francisco, Portland, and London. Banknotes There remains $48,797 in outstanding banknotes from the bank of British Columbia, in $1, $5, $10, $20 and $50 denominations. The bills were issued from 1863 to 1894 and in the 1970s they brought anywhere from $500 to $1,500 per bill on the collector's market. Architecture In British Columbia, the Victoria branch was built in 1885 and was designa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nanaimo
Nanaimo ( ) is a city of about 100,000 on the east coast of Vancouver Island, in British Columbia, Canada. "The Harbour City" was previously known as the "Hub City", which was attributed to its original layout design with streets radiating from the shoreline like the spokes of a wagon wheel, and to its relatively central location on Vancouver Island. Nanaimo is the headquarters of the Regional District of Nanaimo. Nanaimo is served by the Island Highway along the east coast, the BC Ferries system, and Nanaimo Airport, its regional airport. It is also on the dormant Island Rail Corridor. History The Indigenous peoples of the area that is now known as Nanaimo are the Snuneymuxw. An anglicized spelling and pronunciation of that word gave the city its current name. The first Europeans known to reach Nanaimo Harbour were members of the 1791 Spanish voyage of Juan Carrasco (explorer), Juan Carrasco, under the command of Francisco de Eliza. They gave it the name ''Bocas de Winth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Canadian Banks
This is a list of banks in Canada, including chartered banks, credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks". Largest banks Big Five The top five Canadian banks are collectively referred to as the "Big Five" due to their dominant position and significant influence within the country's banking and financial industry. This term has been used for many years to characterize these major banks, and it highlights their substantial market share and impact on Canada's economy. The financial sector of Canada is especially concentrated in these banks, which has been seen as a result of protectionist policies of the government and the country's small and dispersed population. These banks grew at an extraordinary rate of 10.7 percent per year, on average, from 2008 to 2018 compared with 3.64 percent for the five largest U.S. banks. While most Canadian banks operate only within Canada, the Big Five are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Government
The Government of Canada (), formally His Majesty's Government (), is the body responsible for the federal administration of Canada. The term ''Government of Canada'' refers specifically to the executive, which includes ministers of the Crown (together in the Cabinet) and the federal civil service (whom the Cabinet direct); it is corporately branded as the ''Government of Canada''. There are over 100 departments and agencies, as well as over 300,000 persons employed in the Government of Canada. These institutions carry out the programs and enforce the laws established by the Parliament of Canada. The federal government's organization and structure was established at Confederation, through the ''Constitution Act, 1867'', wherein the Canadian Crown acts as the core, or "the most basic building block", of its Westminster-style parliamentary democracy. The monarch, is head of state and is personally represented by a governor general (currently Mary Simon). The prime ministe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northland Bank
Northland Bank was an Alberta-based Canadian bank that failed in 1985. It was incorporated in 1974. It failed and was closed by the Canadian government shortly after the failure, also in 1985, of the Canadian Commercial Bank. The failures of both banks were the subject of a Commission of Inquiry headed by Supreme Court of Canada Justice Willard Estey Willard Zebedee "Bud" Estey (October 10, 1919 – January 25, 2002) was a Canadian justice of the Supreme Court of Canada. Estey was born in Saskatoon, Saskatchewan. He was the son of James Wilfred Estey, a puisne justice of the Supreme Co ..., who issued his report in 1986. References Further reading * Banks established in 1974 Defunct banks of Canada Bank failures Banks disestablished in 1985 1974 establishments in Alberta 1985 disestablishments in Alberta Canadian companies disestablished in 1985 Canadian companies established in 1974 {{Canada-corp-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Commercial Bank
Canadian Commercial Bank (CCB) was a bank based in Edmonton, Alberta, Canada, which failed in 1985. It received its parliamentary charter in 1975 and established its head office in Edmonton. The bank was privately owned and operated as a wholesale commercial bank. History The Canadian Commercial Bank officially began operations in July 1976, with CDN$22 million of capital. From 1976 to 1982, it operated profitably—usually in the top quartile of Canadian banking. It built a new headquarters in Edmonton, the Canadian Commercial Bank Tower in 1982. In early 1985, after investing heavily in real estate and energy sector companies, the bank became insolvent during a period of rising interest rates and a falling Canadian dollar. The federal government arranged a $255 million bailout ($ billion today) in an effort to keep the failing institution afloat. In spite of this, the bank ceased operations on September 3, 1985. It was the largest bank failure in Canadian history and the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Dollar
The Canadian dollar (currency symbol, symbol: $; ISO 4217, code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies (though C$ remains ambiguous with the Nicaraguan córdoba). It is divided into 100 cent (currency), cents (¢). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, may be metonymy, referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately two per cent of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the United States dollar, US dollar, euro, Japanese yen, yen, and pound sterling, sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberta
Alberta is a Provinces and territories of Canada, province in Canada. It is a part of Western Canada and is one of the three Canadian Prairies, prairie provinces. Alberta is bordered by British Columbia to its west, Saskatchewan to its east, the Northwest Territories to its north, and the U.S. state of Montana to its south. Alberta and Saskatchewan are the only two landlocked Canadian provinces. The eastern part of the province is occupied by the Great Plains, while the western part borders the Rocky Mountains. The province has a predominantly humid continental climate, continental climate, but seasonal temperatures tend to swing rapidly because it is so arid. Those swings are less pronounced in western Alberta because of its occasional Chinook winds. Alberta is the fourth largest province by area, at , and the fourth most populous, with 4,262,635 residents. Alberta's capital is Edmonton; its largest city is Calgary. The two cities are Alberta's largest Census geographic units ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto
Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a population of 2,794,356 in 2021, it is the List of North American cities by population, fourth-most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. As of 2024, the census metropolitan area had an estimated population of 7,106,379. Toronto is an international centre of business, finance, arts, sports, and culture, and is recognized as one of the most multiculturalism, multicultural and cosmopolitanism, cosmopolitan cities in the world. Indigenous peoples in Canada, Indigenous peoples have travelled through and inhabited the Toronto area, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montreal
Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cities by population, ninth-largest in North America. It was founded in 1642 as ''Fort Ville-Marie, Ville-Marie'', or "City of Mary", and is now named after Mount Royal, the triple-peaked mountain around which the early settlement was built. The city is centred on the Island of Montreal and a few, much smaller, peripheral islands, the largest of which is Île Bizard. The city is east of the national capital, Ottawa, and southwest of the provincial capital, Quebec City. the city had a population of 1,762,949, and a Census geographic units of Canada#Census metropolitan areas, metropolitan population of 4,291,732, making it the List of census metropolitan areas and agglomerations in Canada, second-largest metropolitan area in Canada. French l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Canada
Central Canada (, sometimes the ''Central Provinces'') is a Canadian region consisting of Ontario and Quebec, the largest and most populous provinces of the country. Geographically, they are not at the centre of Canada but instead overlap with Eastern Canada toward the east. Because of their large populations, Ontario and Quebec have traditionally held a significant amount of political power in Canada, leading to some amount of resentment from other regions of the country. Before Confederation, the term "Canada" specifically referred to Central Canada. Today, the term "Central Canada" is less often used than the names of the individual provinces. History Before Confederation, the region known as Canada was what is now called Central Canada. Southern Ontario was once called Upper Canada and later Canada West and southern Quebec was called Lower Canada and later Canada East. Both were part of the United Province of Canada in 1841. Geography Ontario, Canada's four ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier Of British Columbia
The premier of British Columbia is the first minister and head of government for the Canadian province of British Columbia. Until the early 1970s, the title ''prime minister of British Columbia'' was often used. The word ''premier'' is derived from the French word of the same spelling, meaning "first"; and ultimately from the Latin word ''primarius'', meaning "primary". Legal status Although the premier is the day-to-day leader of the provincial government, they receive the authority to govern from the Crown (represented in British Columbia by the province's lieutenant governor). Formally, the executive branch of government in British Columbia is said to be vested in the lieutenant governor acting by and with the advice and consent of the executive council. The position of premier is not described in Canadian constitutional statutes. By convention, the leader of the political party that has the support of a majority of members of the Legislative Assembly is usually invited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
