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Like the other Canadian chartered banks, BCN issued its own paper currency until the Bank of Canada Act of 1934 created the Bank of Canada and it relinquished this right. In 1968, Banque Canadienne Nationale was one of the four original banks to form CHARGEX Ltd. through a licence from BankAmericard , providing Canada with its first interbank ...
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The merged bank was renamed "Banque Canadienne Nationale" (BCN) (English, "Canadian National Bank"). In 1968, BCN, in conjunction with a number of other banks, launched Chargex, the first credit card to be issued by a Canadian bank. During the 1970s, Quebec-based rival Provincial Bank of Canada expanded rapidly through a number of acquisitions.
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