Barclays Bank Canada
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Toronto, Ontario, Canada 1979-1996 |
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1979-1996 2010–present |
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Merged into modern-day Hongkong Bank of Canada |
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[edit] 1929-1956
Barclays Bank of Canada was a unit of Barclays Bank PLC. The Canadian unit was incorporated in 1929 in Montreal, QC with office later established in Toronto.[1]
Like the other Canadian chartered banks, it issued its own paper money. The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency. Barclays Bank of Canada was acquired by Imperial Bank of Canada, a predecessor of CIBC in 1956.
[edit] 1979-1996
In 1979 Barclays established a new Canadian subsidiary, but it was later bought by Hongkong Bank of Canada in 1996.
[edit] 2000s
A non-banking subsidiary of Barclays Group, Barclays Global Investors Canada Limited, is based in Toronto and administers iShares, exchange-traded index funds. In 2010, Barclays applied for right to open branches in Canada.[2] The current Barclay's operations in Canada are in Toronto and Calgary.
[edit] See also
In addition to Barclays, HSBC acquired other Canadian banks, including:
[edit] References
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[edit] External links
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