BMO and Canada’s Central Bank

The emergence of the Bank of Canada as the country’s central bank was a key moment in twentieth-century banking history. Canada was one of the last major North Atlantic countries to establish a central bank, since the need for one was hotly contested up until the mid-1930s. In other words: the banking system worked, so what was there to fix? As Canada’s first and most senior bank, as well as the government’s banker for decades, Bank of Montreal was a key protagonist in the debate, helping to ensure that existing institutions and systems that had served Canada well continued to do so.


Top

Your browser is out of date and is not supported. Some features of this web site may not display correctly. Please update your browser to one of the following:

Images on this website are property of Bank of Montreal unless otherwise noted. Unauthorized use is prohibited.

I understand