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Canada Bank Company
Canada Banking Company was an early and short-lived bank established in 1792 in Montreal (then Lower Canada). The bank was established by three firms led by nine Montreal merchants (notably John Forsyth, John Richardson, James McGill and Isaac Todd) and attempted to issue banknotes to be used in the British colony. It failed to obtain permission to issue the notes, faded after few months of operations and disappeared before the start of the 19th century. The company was a private not public bank, and appears to have been only a deposit-taking institution that issued a few bills, notably army bills. A surviving copy is held in the National Currency Collection of the Bank of Canada. Richardson and Forsyth founded the more successful Bank of Montreal The Bank of Montreal (, ), abbreviated as BMO (pronounced ), is a Canadian multinational Investment banking, investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank ...
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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 ...
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British North America
British North America comprised the colonial territories of the British Empire in North America from 1783 onwards. English colonisation of North America began in the 16th century in Newfoundland, then further south at Roanoke and Jamestown, Virginia, and more substantially with the founding of the Thirteen Colonies along the Atlantic coast of North America. The British Empire's colonial territories in North America were greatly expanded by the Treaty of Paris (1763), which formally concluded the Seven Years' War, referred to by the English colonies in North America as the French and Indian War, and by the French colonies as . With the ultimate acquisition of most of New France (), British territory in North America was more than doubled in size, and the exclusion of France also dramatically altered the political landscape of the continent. The term ''British America'' was used to refer to the British Empire's colonial territories in North America prior to the United States ...
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Lower Canada
The Province of Lower Canada () was a British colonization of the Americas, British colony on the lower Saint Lawrence River and the shores of the Gulf of Saint Lawrence established in 1791 and abolished in 1841. It covered the southern portion of the current Province of Quebec and the Labrador region of the current Province of Newfoundland and Labrador (until the Labrador region was transferred to Newfoundland in 1809). Lower Canada consisted of part of the former colony of Canada (New France), Canada of New France, conquered by Great Britain in the Seven Years' War ending in 1763 (also called the French and Indian War in the United States). Other parts of New France conquered by Britain became the Colonies of Nova Scotia, New Brunswick, and Prince Edward Island. The Province of Lower Canada was created by the ''Constitutional Act 1791'' from the partition of the British colony of the Province of Quebec (1763–1791), Province of Quebec (1763–1791) into the Province of Lower C ...
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John Forsyth (loyalist)
John Forsyth (December 8, 1762 – December 27, 1837) was a partner in the influential commercial house of Forsyth, John Richardson (businessman), Richardson & Co. He was a politician, co-founder and vice-president of the Bank of Montreal, and Colonel of the Royal Montreal Cavalry. He founded the Montreal Hunt in 1826 and was a member of the Beaver Club. He is the ancestor of the Forsyth-Grants of Ecclesgreig Castle. Early years Born at Huntly, Aberdeenshire, he was the fifth son of William Forsyth (b.1721) 4th Laird of Tailzerton, and his wife Jean, daughter of George Phynn, Lord of the Corse of Monelly. He was a first cousin of the politician Edward Ellice (merchant), Edward Ellice through the influential Phynn family. Forsyth came to Province of New York, New York just before the American Revolution, but as a loyalist he removed to Province of Quebec (1763–91), Quebec. He joined his brother, Thomas, at Montreal, Quebec. They worked in the Montreal offices of their uncle's merc ...
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John Richardson (businessman)
The Hon. John Richardson ( – 18 May 1831) was a Scots-Quebecer and arguably Montreal's leading businessman in his time. In trade, he was in partnership with his first cousin, John Forsyth (loyalist), John Forsyth. A member of the Beaver Club, he established the XY Company and co-founded the Bank of Montreal. A staunch Conservative and Royalist, he represented Montreal East in the 1st Parliament of Lower Canada; assuming the role of the voice of the merchants and appointed an honorary member of the Executive Council of Lower Canada. An intellectual, he was President of the Natural History Society of Montreal and well read in modern and ancient history, law, economics, and British poetry. He was a generous patron to both the Presbyterian and the Anglican Churches, and the first President of the Montreal General Hospital, where the west wing was named for him. Scotland Born circa 1754 at Portsoy, Banffshire. He was the son of Thomas Richardson, a successful merchant, and hi ...
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James McGill
James McGill (6 October 1744 – 19 December 1813) was a Scottish-born businessman, politician, slaveholder, and philanthropist best known for being the founder of McGill University in Montreal, Quebec. He was elected to the Legislative Assembly of Lower Canada for Montreal West and appointed to the Executive Council of Lower Canada in 1792. He was an honorary lieutenant colonel of the 1st Battalion, Montreal Militia, a predecessor unit of The Canadian Grenadier Guards. He was also a prominent member of the Château Clique and one of the original founding members of the Beaver Club. His summer home stood within the Golden Square Mile. McGill was a highly influential and record breaking trader (specifically with furs) within Canada during his life, with it being argued that McGill was "the richest man in Montreal" at the time of his death by his business contemporaries in reflection. Two prime examples of McGill's status as a record-breaking and influential trader are: 1) McG ...
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Isaac Todd
Isaac Todd ( c. 1742 – 1819) was one of Montreal's most prominent merchants following the British Conquest of New France and a founding member of the Beaver Club at Montreal and the Canada Club at London. He was one of the earliest partners in the North West Company before it was formalized, but was better known for his partnership with James McGill. In 1812, he purchased Buncrana Castle in Inishowen, County Donegal, which he left to his nephew, William Thornton-Todd, the younger brother of Andrew Todd. Early life Isaac Todd was born around 1742 into a wealthy merchant family at Coleraine, County Londonderry, in Ulster, the son of John Todd and his wife Elizabeth Patterson. Elizabeth was a native of Fox Hall, near Ramelton, in County Donegal, also in Ulster. The Todds, established members of the local Protestant gentry, had been prospering at Coleraine since at least 1630 and held several valuable land leases from the Earls of Antrim. Isaac Todd spent his early manhood as ...
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The Canadian Encyclopedia
''The Canadian Encyclopedia'' (TCE; ) is the national encyclopedia of Canada, published online by the Toronto-based historical organization Historica Canada, with financial support by the federal Department of Canadian Heritage and Society of Composers, Authors and Music Publishers of Canada. Compiled by more than 5,000 scholars and specialists, the publication is a non-partisan, non-political initiative by a not-for-profit organization without political or governmental ties. First published in 1985, the consistently updated version has been available for free online in both Canadian English, English and Canadian French, French since 2001. The physical copy and website includes "articles on Canadian biographies and places, history, the Arts, as well as First Nations, science and Canadian innovation." , over 700,000 volumes of the print version of ''TCE'' have been sold and over 6 million people visit ''TCE'''s website yearly. The encyclopedia website consists of more than 25,000 ...
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Bank Of Montreal
The Bank of Montreal (, ), abbreviated as BMO (pronounced ), is a Canadian multinational Investment banking, investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada's oldest bank. In 2023, the company’s seat in the Forbes Global 2000, ''Forbes'' Global 2000 was 84. Its head office is in Montreal and its operational headquarters and executive offices are located in Toronto, Ontario, since 1977. It is commonly known by its ticker symbol BMO on both the Toronto Stock Exchange and the New York Stock Exchange. In April 2024, it had CA$1.37 trillion in total assets. The Bank of Montreal ISO 9362, swift code is BOFMCAM2 and the institution number is 001. In Canada, BMO has more than 900 branches and more than 1000 in the United States, serving over 13 million customers globally. In the United States, BMO does business as BMO Financial Group, where it has substantial operations in the Chicago area and els ...
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Defunct Banks Of Canada
Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ...
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Buildings And Structures In Quebec
A building or edifice is an enclosed Structure#Load-bearing, structure with a roof, walls and window, windows, usually standing permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for numerous factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, monument, prestige, and aesthetic reasons. To better understand the concept, see ''Nonbuilding structure'' for contrast. Buildings serve several societal needs – occupancy, primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical separation of the :Human habitats, human habitat (a place of comfort and safety) from the ''outside'' (a place that may be harsh and harmful at times). buildings have been objects or canvasses of much architecture, artistic expression. ...
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Banks Established In 1792
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 ...
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