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The Credit Institute of Canada (CIC) (French: Institut de crédit du Canada) is a not-for-profit organization created by a special Act of Parliament on June 11, 1928. The CIC provides credit management resources, education and certification to its members and is the only organization that grants official designations to professionals in the Canadian credit management field.
Private universities in Canada are independent postsecondary institutions that have been granted the authority to confer academic degrees from a provincial authority. The oldest private universities in Canada operated as seminaries or as religiously-affiliated institutions, although several secular for-profit and not-for-profit private universities were established in Canada during the late ...
William McMaster founded the Canadian Bank of Commerce which opened on May 15, 1867, in Toronto as competition for the Bank of Montreal; by 1874 it had 24 branches.The Imperial Bank of Canada opened in Toronto on March 18, 1875, founded by former Commerce Vice-president Henry Stark Howland.
In 1998, the Bank of Montreal proposed a merger with the Royal Bank of Canada around the same time that CIBC proposed to combine with the Toronto-Dominion Bank. [23] The banks argued that these mergers would enable them to compete globally with other financial institutions. [33] This would have left Canada with only three major national banks.
The two largest, the Royal Bank of Canada and the Toronto Dominion Bank are among the world's 25 largest banks. [2] It has been considered to be one of the safest and soundest banking systems in the world, and avoided major problems in the Financial crisis of 2007–2008. [3] Canada's banks have high service levels and investments in technology.
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Sibos (previously known as SWIFT International Banking Operations Seminar) is a global financial services event. This annual conference, exhibition, networking event is organized by SWIFT for the financial industry and is held annually around the world in major cities. Sibos brings together thousands of business leaders, decision makers and ...
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