Bank of Canada (commercial)
Encyclopedia
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| Canada Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean... |
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| Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT.... (CIBC) |
The Bank of Canada was granted a charter on August 16, 1858. The charter was granted to the Honorable William Cayley
William Cayley
William Cayley was a lawyer and political figure in Canada West.He was born in Saint Petersburg, Russia in 1807, the son of a British consul, and studied in England. He was called to the bar in 1835 and subsequently came to Upper Canada where he was admitted to the bar in 1838. In 1836, he married...
, the Honorable Joseph Curran Morrison
Joseph Curran Morrison
Joseph Curran Morrison was a lawyer, judge and political figure in Canada West.He was born in Ireland in 1816 and came to Upper Canada with his family in 1830. He studied at Upper Canada College, studied law, articled with Simon Ebenezer Washburn and was called to the bar in 1839...
, Angus Morrison
Angus Morrison
Angus Morrison, QC was an Ontario lawyer and political figure. He represented Niagara in the Canadian House of Commons as a Conservative member from 1867 to 1874...
Esq.
Esquire
Esquire is a term of West European origin . Depending on the country, the term has different meanings...
, the Honorable John Ross
John Ross
-Australia:* John Ross , explorer of Central Australia* John Ross , member of the New South Wales Legislative Assembly...
, William Henry Boulton
William Henry Boulton
William Henry Boulton was a lawyer and political figure in Canada West. He served as mayor of Toronto from 1845 to 1847 and in 1858. Boulton died in Toronto in 1874....
Esq.
Esquire
Esquire is a term of West European origin . Depending on the country, the term has different meanings...
and Frederick William Cumberland
Frederick William Cumberland
Frederick William Cumberland was a Canadian engineer, architect and political figure. He represented the riding of Algoma in the 1st and 2nd Ontario Parliaments and in the Canadian House of Commons from 1871 to 1872....
Esq.
Esquire
Esquire is a term of West European origin . Depending on the country, the term has different meanings...
The charter was never used and eventually sold to William McMaster
William McMaster
William McMaster was a wholesaler, Senator and banker in the 19th century. A director of the Bank of Montreal from 1864–1867, he was a driving force behind the creation of the Canadian Bank of Commerce of which he served as the founding president from 1867 to his death in 1887.He served in the...
in 1866 and renamed the Canadian Bank of Commerce
Canadian Bank of Commerce
The Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858....
, later became CIBC.
It is not to be mistaken for the Bank of Canada
Bank of Canada
The Bank of Canada is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada...
, the current central bank which was established by the Bank of Canada Act
Bank of Canada Act
The Bank of Canada Act is a piece of Canadian federal legislation, adopted in 1934, which created the Bank of Canada, the cornerstone of central banking system in Canada.The act is part of the Statutes of Canada....
in 1934.