|
Canada Trust was established in 1864 in London, Ont to acquire savings deposits to fund mortgage lending, with trust services added later. Several branches were opened in the Prairies in the late 1800s to funnel surplus eastern savings in the form of mortgages to western farmers and developers to finance western development. After World War II the company focused on mortgage lending in cities and on lending to corporations investing in plants and equipment. In 1959 it became the first trust company to sponsor a MUTUAL FUND. Subsequently, it has became a leader in developing and providing a wide range of personal and business services including deposit-taking, lending, mutual funds, financial planning, investment management, stock brokerage and insurance.
In the late 1990s, Canada Trust was the largest trust and loan financial institution in Canada, based on total assets and was a 100% owned subsidiary of CT Financial Services Inc, 98% of whose common shares were owned by Imasco Limited. The Trust and Loan Companies Act requirement of 35% public ownership was satisfied by the issue of preferred shares with a provision for voting rights. In 2000, Canada Trust was acquired by TD BANK FINANCIAL GROUP in an $8 billion transaction. The addition of Canada Trust's more than 400 branches helped the newly renamed TD Canada Trust become Canada's largest retail banking network at that time. See also BANKING; STOCK AND BOND MARKETS; TRUST COMPANY.
Author
ERIC W. DALY Revised: ALIX GRANGER
Links to Other Sites
TD Bank Financial Group
The website for TD Bank Financial Group. Features the latest news and information about personal, commercial and wholesale financial products and services, investor relations, current economic trends, and community relations.
|
|
|
|
 |
|
| David Thompson was an outsider, struggling to find a foothold in the empire that had consumed his country... |
|
| Pierre Elliott Trudeau, politician, writer, constitutional lawyer, prime minister of Canada 1968-79 and 1980-84 (b at ... |
|
|
| Few countries were affected as severely as Canada by the worldwide Depression of the 1930s. It is estimated that ... |
|
|
| Louis Riel, Métis leader, founder of Manitoba, central figure in the NORTH-WEST REBELLION (b at Red River ... |
|
|
| Few countries were affected as severely as Canada by the worldwide Depression of the 1930s. It is estimated that ... |
|
|
| Evangelical Christian Church, often called the Christian Church (Christian Disciples), is a denomination stemming from ... |
|
|
| The Group of Seven was founded in 1920 as an organization of self-proclaimed modern artists. The original members - ... |
|
|
| Sears Canada Inc, headquartered in Toronto, is a Canadian retailer incorporated in 1952. In 1953 operating under the ... |
|
|
| John Ware, "Nigger John," horseman, rancher (b near Georgetown, SC 1845; d near Brooks, Alta 11 Sept 1905). ... |
|
|
| Land claims are dealt with by a process established by the federal government to enable INDIANS, INUIT and ... |
|
Browse the rich visual resources of The Canadian Encyclopedia through thematic galleries of Canadian Art, History, Nature, People, and Science and Technology.
Illustrations, lively text, animations, sounds and games help make learning about Canadian history, art, geography, architecture and other topics entertaining as well as informative.
The ultimate test of your knowledge of Canada, trivial and otherwise. You can choose from more than 60 dynamic quizzes with visual or text clues. Your scores depend on the speed with which you answer and the number of clues you need. Results are sent to you by email and high scores are posted on the site.
This unique resource includes more than 6000 events from Canadian and world history. It can be searched by era, subject, keyword or date. To find out what happened on your birthday, select the month and day of your birth.
This selection of the 100 "greatest" events in Canadian history was made by editor in chief James H. Marsh to draw attention to events that have left an indelible memory in the minds of later generations.
| THE ENCYCLOPEDIA OF MUSIC IN CANADA |
|
| William Morton. Tenor, teacher, b Deloraine, south of Brandon, Man, 27 Sep 1912. First trained as a violinist - he played in a dance orchestra at 13 - Morton studied voice in Regina with Alicia Birkett and in 1933 made his radio ... |
|
|
