The Treasury Board of Canada was the first lender of last resort.

Name: The Treasury Board of Canada was the first lender of last resort.
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The Treasury Board of Canada has been recognized as the first lender of last resort, as it provided loans to struggling financial institutions during the Great Depression in the 1930s. This action helped stabilize the financial system and prevent a complete collapse of the economy.

The Treasury Board of Canada Was the First Lender of Last