A sign of things to come

When Montreal Bank opened for business in 1817, it had secured $150,000 in capital. Seventy-five years later, it had become a giant among banks, with the largest capital of any bank in North America: $54,000,000. That amounts to 360 times growth. Meanwhile, Canada’s population had grown by only 10 times. View the infographic Growth in BMO Deposits 1817 – 2016.