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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 ...
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.
Pages in category "Trust companies of Canada" The following 9 pages are in this category, out of 9 total. This list may not reflect recent changes. C. Canada Permanent;
the Insurance Companies Act [4] the Trust and Loan Companies Act [5] the Cooperative Credit Associations Act [6] the Green Shield Canada Act; the Payment Card Networks Act [2] the Financial Consumer Agency of Canada Act. [1] In cases of contravention or non-compliance with legislation, FCAC notifies the federally regulated financial entity of a ...
The National Trust Company is a Canadian trust company that has existed since 1898. The company was formed by George Albertus Cox and originally was part of a network of financial companies he controlled. In its first year of operations the company opened an office in Montreal, and in its second year it expanded to Western Canada through the ...
The Royal Trust Company is a Canadian trust company that was founded in 1892 in Montreal, Quebec. By the late 20th century, it carried out trust, financial, real estate and deposit services in over 100 branches in Canada, the U.S. and overseas. [ 1 ]
In 2010, it improved the technology used in data/information transfers, which increased the speed and overall efficiency of transactions. When the government of Canada added restrictions to mortgage lending, concerns were raised about new disruptions to Canada's housing market. Home Capital considered it beneficial to the market's overall ...
Crown corporations (French: Société de la Couronne) [1] are government organizations in Canada with a mixture of commercial and public-policy objectives. [2] [3] They are directly and wholly owned by the Crown (i.e. the government of Canada or a province). [2] Crown corporations represent a specific form of state-owned enterprise.