The modern Canadian banking system began with ________.
A) the Chartered Bank of Upper Canada in 1821
B) the Bank of Montreal in 1817
C) the Bank of Lower Canada in 1801
D) the Bank of New Brunswick in 1820

Question

Quizplus · Accepted Answer

The Bank of Montreal, established in 1817, was the first bank to be granted a charter in Canada and is considered the beginning of the modern Canadian banking system. The Chartered Bank of Upper Canada was established in 1821, the Bank of Lower Canada in 1818, and the Bank of New Brunswick in 1820.

The Modern Canadian Banking System Began with ________