This paper traces the evolution of the Banking industry in Canada from 1800-1960. In 1815 there were no banks in British North America. Five years later five had been founded in response to local development needs. Later in the century the banks became involved in speculation and railroad construction. At the dawn of the twentieth century the six major chartered banks emerged as the oligopoly in Canadian banking that persists today. 9 pgs. Bibliography lists 9 sources.
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