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Amendments to the Bank Act in 1991 allowed bank holding companies for the first time to acquire trust companies. Since 1991, most of Canada's major trust companies have been acquired by banks. Canadian trust companies with federal incorporations are regulated by the Trust and Loan Companies Act. [5]
The government of Canada subdivides advocacy groups into "accident prevention associations, advocacy groups, animal rights organizations, antipoverty advocacy organizations, associations for retired persons, advocacy civil liberties groups, community action advocacy groups, conservation advocacy groups, drug abuse prevention advocacy organizations, environmental advocacy groups, humane society ...
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Originally founded as a trust company named Pacific & Western Trust Corporation in Saskatoon, Saskatchewan in 1980. It later moved its head offices to London, Ontario. On 1 August 2002, it was granted a Schedule I chartered bank licence and became Pacific & Western Trust Bank of Canada before finally changing its name to VersaBank in 2016.
On November 10, 2014, Home Trust announced that it intends to apply to the Minister of Finance to charter a Schedule I bank subsidiary to be called Home Trust Bank in English ("Banque Home Trust" in French). [4] On June 22, 2017, it was announced that companies run by Warren Buffett will be making a $400 million equity investment in Home ...
Peoples Trust Company, [1] operating as Peoples Group, is a Canadian financial services company based in Vancouver, British Columbia.Peoples Group operates as a trust company and also maintains a chartered bank subsidiary, Peoples Bank of Canada.
Manulife is the largest insurance concern in Canada. 307 Royal Bank of Canada: $45,981 85,301 Multinational financial services firm based in Toronto [9] and the largest bank in Canada. Subsidiaries include City National Bank and RBC Bank: 308 Alimentation Couche-Tard: $45,760 124,000 Multinational operator of convenience stores based in Laval.
Equitable Bank was founded under the name The Equitable Trust Company in 1970 in Hamilton, Ontario, Canada. [9] The Trust company was headquartered at 1 James Street South. By 1990, The Equitable Trust Company became an operating company with $50 million in assets and four employees in its Toronto office.