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In 1937, Royal Trust opened a new building to house its Toronto offices. This Royal Trust Building was designed by Allward & Gouinlock and was located at 66 King Street West. [5] It was demolished in 1972 to make way for First Canadian Place. In 1969, the company relocated its head offices to the new Royal Trust Tower, which was part of the ...
Royal Trust may refer to: Royal Trust (Belgium) Royal Trust, a trust company founded in 1899 in Montreal and part of Royal Bank of Canada since 1993;
For much of the 20th century, Canada's trust companies were controlled by the major banks through interlocking directorates. However, revisions to the Bank Act in 1967 forbade individuals from sitting on a bank and trust company board simultaneously; this had been a recommendation in the 1964 Report of the Royal Commission on Banking and ...
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A transaction account (also called a checking account, cheque account, chequing account, current account, demand deposit account, or share account at credit unions) is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate ...
In April 2018, the company began offering Smart Savings (later known as Wealthsimple Save), a savings account with a 1.7% interest rate. [35] [36] In July 2022, the site promoted the rate at 1.0%. [37] In January 2020, the company launched Wealthsimple Cash for Canadian customers, a hybrid savings/chequing account offering high interest on ...
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