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National War Finance Committee
The National War Finance Committee was set up in Canada in December 1941 by the Department of Finance. It was initially chaired by George Wilbur Spinney, president of the Bank of Montreal, and later by Graham Towers, the Governor of the Bank of Canada The Bank of Canada (BoC; ) is a Crown corporations of Canada, Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surve .... The Committee was responsible for raising war financing through the sale of Victory Bonds. Prior to the Committee's establishment, war financing was the responsibility of the Department of Finance.Jeff Keshen, ''Saints, Sinners, and Soldiers: Canada's Second World War'', Vancouver: UBC Press 2004, p. 32 References 1942 establishments in Canada Financial history of Canada Home front during World War II {{canada-gov-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eaton's War Bonds Rally 1943 Audience
The T. Eaton Company Limited, later known as Eaton's, was a Canadian department store chain that was once the largest in the country. It was founded in 1869 in Toronto by Timothy Eaton, an immigrant from what is now Northern Ireland. Eaton's grew to become a retail and social institution in Canada, with stores across the country, buying-offices around the globe, and a mail-order catalog that was found in the homes of most Canadians. A changing economic and retail environment in the late twentieth century, along with mismanagement, culminated in the chain's bankruptcy in 1999. Eaton's pioneered several retail innovations. In an era when haggling for goods was the norm, the chain proclaimed "We propose to sell our goods for CASH ONLY – In selling goods, to have only one price." In addition, it had the long-standing slogan "Goods Satisfactory or Money Refunded." Early years In 1869, Timothy Eaton sold his interest in a small dry-goods store in the market town of St. Marys, Ont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of countries and dependencies by area, second-largest country by total area, with the List of countries by length of coastline, world's longest coastline. Its Canada–United States border, border with the United States is the world's longest international land border. The country is characterized by a wide range of both Temperature in Canada, meteorologic and Geography of Canada, geological regions. With Population of Canada, a population of over 41million people, it has widely varying population densities, with the majority residing in List of the largest population centres in Canada, urban areas and large areas of the country being sparsely populated. Canada's capital is Ottawa and List of census metropolitan areas and agglomerations in Canada, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Finance Canada
The Department of Finance Canada () is a central agency of the Government of Canada. The department assists the minister of finance in developing the government's fiscal framework and advises the government on economic and financial issues. A principal role of the department is assisting the government in the development of its annual budget. The department is responsible to Parliament through the minister of finance (François-Philippe Champagne since March 2025). The day-to-day operations of the department are directed by the deputy minister of finance (a public servant). Chris Forbes was appointed Deputy Minister of Finance on September 11, 2023. The department is headquartered in the James Michael Flaherty Building in downtown Ottawa at the corner of Elgin and Albert. Branches and sub-agencies The department is divided into several branches: * Economic Policy Branch * Fiscal Policy Branch * Economic Development and Corporate Finance Branch * Federal-Provincial Relatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Wilbur Spinney
George Wilbur Spinney (3 April 1889 – 1 February 1948) was a Canadian banker. He served as president of the Bank of Montreal from December 1942 until his death in February 1948. He was also chairman of the National War Finance Committee from its inception in 1941 until 1943, when he became the honorary chairman. Life and career Spinney was born in Yarmouth, Nova Scotia on April 3, 1889. He joined Bank of Montreal after high school, and served in a number of capacities before being appointed as secretary to the General Manager, Sir Frederick Williams-Taylor, in 1915. In 1922, Spinney was appointed assistant to the General Manager, responsible for organizing Bank of Montreal's securities department, and in 1928 he assumed responsibility for the Quebec, Maritimes and Newfoundland branches of the bank. In 1936, Spinney was appointed joint general manager of the bank with Jackson Dodds. In 1940, following the accidental death of Minister of Defense Norman Rogers, Prime Ministe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Graham Towers
Graham Ford Towers (29 September 1897 – 4 December 1975) was a Canadian economist who served as the first governor of the Bank of Canada from 1934 to 1954. Biography Born in Montreal, Quebec, educated at St. Andrew's College in Toronto, graduating in 1913. He attended McGill University in 1915, and was a member of the University Canadian Officer Training Corps. In the summer of 1915 Towers left McGill for Stanley Barracks and Officer Training at Exhibition Place where he was commissioned a Provisional Lieutenant in the Canadian Army Service Corps on September 29, 1915. On December 8, Lt Towers passed his qualifying exam and obtained his Certificate in Equitation (Horsemanship). In March of 1917, he joined the CEF and proceeded to France as a Railhead Supply Officer attached to the British 1st Army Headquarters. In late 1918 Lt Towers contracted Influenza and was shipped to Canada to recover. In the Spring of 1919 Towers returned to McGill University to study Law, grad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Canada
The Bank of Canada (BoC; ) is a Crown corporations of Canada, Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surveys: Canada 2000'. OECD Publishing; 30 August 2000. . p. 45–. and for the promotion of a safe and sound financial system within Canada.Financial Stability and Central Banks: A Global Perspective'. Routledge; November 2002. . p. 41–. The Bank of Canada is the sole issuing authority of Canadian banknotes,Gene Swimmer. How Ottawa Spends, 1996-97: Life Under the Knife'. MQUP; 15 May 1996. . p. 379–. provides banking services and money management for the government, and loans money to Canadian financial institutions. The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935. The Bank of Canada headquarters are located at the Bank of Canada Building, 234 Wellington Street in Ottawa, Ontario. The buildi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Bonds
War bonds (sometimes referred to as victory bonds, particularly in propaganda) are debt securities issued by a government to finance military operations and other expenditure in times of war without raising taxes to an unpopular level. They are also a means to control inflation by removing money from circulation in a stimulated wartime economy. War bonds are either retail bonds marketed directly to the public or wholesale bonds traded on a stock market. Exhortations to buy war bonds have often been accompanied by appeals to patriotism and conscience. Retail war bonds, like other retail bonds, tend to have a yield which is below that offered by the market and are often made available in a wide range of denominations to make them affordable for all citizens. Before World War I Governments throughout history have needed to borrow money to fight wars. Traditionally they dealt with a small group of rich financiers such as Jakob Fugger and Nathan Rothschild, but no particular dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1942 Establishments In Canada
Year 194 ( CXCIV) was a common year starting on Tuesday of the Julian calendar. At the time, it was known as the Year of the Consulship of Septimius and Septimius (or, less frequently, year 947 ''Ab urbe condita''). The denomination 194 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Decimus Clodius Septimius Albinus Caesar became a Roman Consul. * Battle of Issus: Septimius Severus marches with his army (12 legions) to Cilicia, and defeats Pescennius Niger, Roman governor of Syria. Pescennius retreats to Antioch, and is executed by Severus' troops. * Septimius Severus besieges Byzantium (194–196); the city walls suffer extensive damage. Asia * Battle of Yan Province: Warlords Cao Cao and Lü Bu fight for control over Yan Province; the battle lasts for over 100 days. * First year of the ''Xingping'' era during the Han Dynasty in Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial History Of Canada
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
