Search results
Results from the WOW.Com Content Network
On June 30, 2017, the Office of the Superintendent of Financial Institutions issued an advisory, stating that it planned to enforce the Bank Act's prohibitions on using the word or verbiage "bank" in connection to any financial service that is not a bank. The terms were required to be removed from websites by the end of 2017, from print ...
Under Section 25, these notes (known as legal tender) could be converted to gold at the head office in Ottawa, in the form of bars containing approximately four hundred ounces of gold. [7] The bank continues in the current Act to be the sole institution to issue notes. The bank must provide an adequate supply as required for circulation in ...
Unemployment and Farm Relief Act, 1931; Bank of Canada Act, 1934; Public Works Construction Act, 1934; Succession to the Throne Act, 1937; National Housing Act, 1938; National Resources Mobilization Act, 1940; Family Allowance Act, 1945; Canadian Citizenship Act, 1946; Canadian Overseas Telecommunication Corporation Act, 1948
Personal Property Security Act Securities Transfer Act Builders' liens Repair and storage liens Workers' liens British Columbia: RSBC 1996, c. 359: SBC 2007, c. 10: Builders Lien Act: Repairers Lien Act, Warehouse Lien Act: Livestock Lien Act, Tugboat Worker Lien Act, Woodworker Lien Act Alberta: RSA 2000, c. P‑7: SA 2006, c. S-4.5
The Canadian banking system is regulated in part by the Office of the Superintendent of Financial Institutions who can, in an extreme case, close a financial institution. Alongside Canada's mortgage rules, the risk of bank failures similar to the US are slim, but not impossible. [3]
The bank regulator is the Office of the Superintendent of Financial Institutions (best known as OSFI), [21] whose authority stems from the Bank Act. [20] The financial groups are also governed by regulatory bodies (bank regulators, securities regulators, insurance regulators, etc.) in each country in which they operate.
Canadian Tire Bank (CTB), a Schedule 1 (domestic, deposit-taking) bank under the Bank Act, was founded in 2003 and took over financial services that had been provided by CTFS. [3] In addition to MasterCard credit card services, Canadian Tire Bank also launched high interest savings accounts, tax-free savings accounts, and GIC products.
Home Bank began as CFF Bank, which was formed through acquisition of MonCana Bank by Canadian First Financial. [35] CFF Bank became Home Bank in August 2016. [36] HomeEquity Bank: 2009 Toronto: Privately held by equity firm Birch Hill Equity Partners Founded in 1986 as the Canadian Home Income Plan Corporation. HomeEquity Bank is the first ...