The corner of King and Prince William in Saint John, New Brunswick, circa 1862.

Look to the East

As the Dominion of Canada officially came into being on July 1, 1867, bank representatives were already on their way to open branches in Halifax and Saint John, in the new provinces of Nova Scotia and New Brunswick.

Commercial banking in Newfoundland had been carried on by two local institutions, both of which closed their doors on the same day in 1894. Four days later, at the invitation of the government of Newfoundland, Bank of Montreal sent a representative to St. John’s. Within a month, the bank opened its first branch there on Duckworth Street, and was able to provide substantial credits to the fishing industry. Bank of Montreal was quickly appointed banker for the Newfoundland government.

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Covers of Whom Fortune Favours volumes 1 & 2

The definitive history of one of North America's most enduring banks, Whom Fortune Favours: The Bank of Montreal and the Rise of North American Finance, Volume 1 & 2, by Laurence B. Mussio.

Visit the McGill Queen’s University Press site to order your copy.

A visually rich tribute to Canada’s first bank, A Vision Greater than Themselves: The Making of the Bank of Montreal, 1817-2017 by Laurence B. Mussio tells the compelling story of the bank from its origins to present day.

Visit the McGill Queen’s University Press site to order your copy.


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