DOCSLIB.ORG

Court File No. 35009 in the SUPREME COURT of CANADA

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Court File No. 35009 in the SUPREME COURT of CANADA Court File No. 35009 IN THE SUPREME COURT OF CANADA (ON APPEAL FROM THE QUEBEC COURT OF APPEAL) B E T W E E N: BANQUE DE MONTRÉAL, CITIBANQUE CANADA, LA BANQUE TORONTO-DOMINION, BANQUE NATIONALE DU CANADA Appellants (Appellants) - and - RÉAL MARCOTTE, BERNARD LAPARÉ, ATTORNEY GENERAL OF QUÉBEC, LE PRESIDENT DE L’OFFICE DE LA PROTECTION DU CONSOMMATEUR Respondents (Respondents, Mise-en-Cause) - and - ATTORNEY GENERAL OF ONTARIO, ATTORNEY GENERAL OF BRITISH COLUMBIA, ATTORNEY GENERAL OF ALBERTA Interveners (Interveners) FACTUM OF THE INTERVENER, THE ATTORNEY GENERAL OF ONTARIO ATTORNEY GENERAL OF ONTARIO BURKE-ROBERTSON Constitutional Law Branch Barristers & Solicitors 4th Floor, 720 Bay Street 200-441 MacLaren Street Toronto, ON M7A 2S9 Ottawa, ON K2P 2H3 Janet E. Minor (LSUC No. 14898A) Robert E. Houston, Q.C. Tel: (416) 326-4137 Tel.: (613) 236-9665 Fax: (416) 326-4015 Fax: (613) 235-4430 [email protected] E-mail: [email protected] Robert A. Donato (LSUC No. 44544F) Tel: (416) 326-4473 Fax: (416) 326-4015 [email protected] Counsel for the Intervener Ottawa Agent for the Intervener Attorney General of Ontario Attorney General of Ontario TO: THE REGISTRAR Supreme Court of Canada 301 Wellington Street Ottawa, Ontario K1A 0J1 AND TO: Mahmud Jamal Patricia J. Wilson Sylvain Deslauriers Osler, Hoskin & Harcourt LLP Sylvana Conte 340 Albert Street, Suite 1900 Alberto Martinez Ottawa, Ontario Osler, Hoskin & Harcourt LLP K1R 7Y6 Box 50, 1 First Canadian Place Toronto, Ontario M5X 1B8 Tel: (416) 862-6764 Tel: (613) 787-1009 Fax: (416) 862-6666 Fax: (613) 235-2867 Email : [email protected] Email: [email protected] Counsel for the Appellants/Respondents, Agent for the Appellants/Respondents, Bank of Montreal, Citibank, Toronto- Bank of Montreal, Citibank, Toronto- Dominion Bank, National Bank of Canada, Dominion Bank, National Bank of Amex Bank of Canada, Royal Bank of Canada, Amex Bank of Canada, Royal Canada, Canadian Imperial Bank of Bank of Canada, Canadian Imperial Commerce, Bank of Nova Scotia, Bank of Commerce, Bank of Nova Scotia, Laurentian Bank Laurentian Bank Bruce W. Johnston Moira Dillon Phillippe H. Trudel Supreme Law Group André Lespérance 900 – 275 Slater Street Andrew Cleland Ottawa, Ontario Trudel & Johnston K1P 5H9 Bureau 90 750, Côte de la Place d`Armes Montreal, Quebec H2Y 2X8 Tel: (514) 871-8385 Tel: (613) 691-1224 Fax: (514) 871-8800 Fax: (613) 691-1338 Email: [email protected] Email: [email protected] Counsel for the Appellants/Respondents, Agent for the Appellants/Respondents, Réal Marcotte and Bernard Laparé Réal Marcotte and Bernard Laparé Jean-François Jobin Pierre Landry Francis Demers Noël & Associés Samuel Chayer 111, rue Champlain Bernard, Roy & Associés Gatineau, Quebec 8.00 – 1 rue Notre-Dame Est J8X 3R1 Montréal, Quebec H2Y 1B6 Tel: (514) 393-2336 Ext: 51452 Tel: (819) 771-7393 Fax: (514) 873-7074 Fax: (819) 771-5397 Email: [email protected] Email : [email protected] Counsel for the Respondent/Intervener, Agent for the Respondent/Intervener, Attorney General of Quebec Attorney General of Quebec Marc Migneault Pierre Landry Allard, Renaud et Associés Noël & Associés 100, rue Laviolette, Bureau RC 11 111, rue Champlain Trois-Rivières, Quebec Gatineau, Quebec G9A 5S9 J8X 3R1 Tel: (888) 672-2556 Ext. 3426 Tel: (819) 771-7393 Fax: (819) 371-6489 Fax: (819) 771-5397 Email : [email protected] Counsel for the Respondent/Intervener, Agent for the Respondent/Intervener, Président de l`Office de la Protection du Président de l`Office de la Protection du Consommateur Consommateur Nancy E. Brown Robert E. Houston, Q.C. Attorney General of British Columbia Burke-Robertson 1001 Douglas Street 441 MacLaren Street P.O. Box 9280 Stn Prov Govt Suite 200 Victoria, British Columbia Ottawa, Ontario V8W 9J7 K2P 2H3 Tel: (250) 356-5597 Tel: (613) 236-9665 Fax: (250) 356-9154 Fax: (613) 235-4430 Email: [email protected] Email: [email protected] Counsel for the Intervener, Attorney Agent for the Intervener, Attorney General of British Columbia General of British Columbia Robert J. Normey Henry S. Brown, Q.C. Attorney General of Alberta Gowling Lafleur Henderson LLP 4th Floor, Bowker Building 2600 – 160 Elgin St 9833 – 109th Street P.O. Box 466, Stn “D” Edmonton, Alberta Ottawa, Ontario T5K 2E8 K1P 1C3 Tel: (780) 422-9532 Tel: (613) 233-1781 Fax: (780) 425-0307 Fax: (613) 788-3433 Email: [email protected] Email: [email protected] Counsel for the Intervener, Attorney Agent for the Intervener, Attorney General of Alberta General of Alberta John B. Laskin Patricia J. Wilson Torys LLP Osler, Hoskin & Harcourt LLP 3000 Maritime Life Tower, TD Centre 340 Albert Street 79 Wellington Street West Suite 1900 Toronto, Ontario Ottawa, Ontario M5K 1N2 K1R 7Y6 Tel: (416) 865-7317 Tel: (613) 787-1009 Fax: (416) 865-7380 Fax: (613) 235-2867 Email: [email protected] Email: [email protected] Counsel for the Intervener, Canadian Agent for the Intervener, Canadian Bankers Association Bankers Association TABLE OF CONTENTS PART I – OVERVIEW AND STATEMENT OF FACTS .................................................... 1 PART II – QUESTIONS IN ISSUE ...................................................................................... 2 PART III – ARGUMENT ...................................................................................................... 2 1. The Interjurisdictional Immunity Doctrine ............................................................ 2 2. The Interjurisdictional Immunity Doctrine is Not Applicable in this Case ........... 6 A. The “Pith and Substance” of the Consumer Protection Act Provisions .......... 6 B. The Provincial Law Does Not Trench on the “Core” of the Federal Banking Power ......................................................................... 8 C. The Provincial Law Does Not “Impair” the Core ............................................14 3. The Preamble to the Bank Act Alone Cannot Trigger the Paramountcy Doctrine 19 PART IV – COSTS ................................................................................................................20 PART V – ORDER SOUGHT ...............................................................................................20 PART VI – TABLE OF AUTHORITIES ..............................................................................22 PART VII – LEGISLATION.................................................................................................26 i 1 PART I – OVERVIEW AND STATEMENT OF FACTS Overview 1. This case concerns the interplay between the provincial power over “Property and Civil Rights in the Province” (s. 92(13) of the Constitution Act, 1867) and the federal power over “Banking” (s. 91(15)). The Attorney General of Ontario intervenes to address the first constitutional question in this proceeding: whether specific provisions of the Quebec Consumer Protection Act regulating credit card transactions and agreements are constitutionally inapplicable to banks. Constitution Act, 1867 (U.K.), 30 & 31 Vict., c. 3, ss. 92(13), 91(15), reprinted in R.S.C. 1985, App. III, No. 5 [Constitution Act, 1867]. Consumer Protection Act, R.S.Q., c. P-40.1. 2. The Attorney General of Ontario respectfully submits that the Quebec Consumer Protection Act provisions are applicable to the appellant banks. It is submitted that neither step of the two-prong interjurisdictional immunity test is satisfied in this case: (1) the provincial law does not trench on the “core” of the federal banking power; and (2) the provincial law does not “impair” the core. The Superior Court of Quebec was correct in holding that neither step of the test was satisfied, and the Quebec Court of Appeal correctly affirmed that holding. 3. Ontario makes no submissions on whether the specifics of Quebec’s Consumer Protection Act conflict with particular provisions of the federal Bank Act, so as to trigger the paramountcy doctrine. Ontario’s position is that if this Court should hold that specific provisions of the legislation do conflict, then any such conflict should be resolved by the doctrine of paramountcy. As this Court has affirmed in its federalism jurisprudence, paramountcy is the preferable, more flexible constitutional doctrine in cases of overlapping federal and provincial legislation. Canadian Western Bank v. Alberta, [2007] 2 S.C.R. 3 [Book of Authorities of the Attorney General of Ontario [BOA] Tab 11] at para. 77 [Canadian Western Bank]. Law Society of British Columbia v. Mangat, [2001] 3 S.C.R. 113 [BOA Tab 17] at paras. 52, 54 [Mangat]. 2 Statement of Facts 4. The Attorney General of Ontario accepts the facts as stated by the respondent mise-en- cause, the Attorney General of Quebec, and as found by the trial judge. Factum of Respondent Attorney General of Quebec at paras. 4-17. Marcotte c. Banque de Montréal, 2009 QCCS 2764 at paras. 215-318 [Superior Court Judgment]. PART II – QUESTIONS IN ISSUE 5. The following constitutional questions were stated by the Chief Justice of Canada on June 24, 2013: 1. Are ss. 12, 66-72, 83, 91, 92, 126, 127, 219, 228, and 271-272 of the Consumer Protection Act, R.S.Q., c. P-40.1, and ss. 55-61 of the Regulation respecting the application of the Consumer Protection Act, R.R.Q., c. P-40.1, r. 3, constitutionally inapplicable in respect of bank-issued credit cards by reason of the doctrine of interjurisdictional immunity? 2. Are ss. 12, 66-72, 83, 91, 92, 126, 127, 219, 228, and 271-272 of the Consumer Protection Act, R.S.Q., c. P-40.1, and ss.
Load more

Recommended publications
  • BANK MERGERS: IS BIGGER BETTER? Introduction
    BANK MERGERS: IS BIGGER BETTER? Introduction In January 1998, the Bank of Montreal and the Royal Bank of Canada announced plans to merge and create one superbank. A few months later, in April, the Toronto Dominion Bank and the Canadian Imperial Bank of Commerce announced similar plans. The proposed bank mergers caught many people off guard, including Minister of Finance Paul Martin. In a Macleans interview, Martin said, "Just because they decided to get into bed together doesnt mean that I have to bless their union." Martins message seemed to be that Ottawa, not the banks, would decide the future of banking in Canada. "There will be no mergers in the banking sector until we are convinced that [it] is what is best for Canadians, and we will not be stampeded into making that decision." According to the banks, the proposed mergers were a natural response to a changing and highly competitive global marketplace. Mergers, they said, provide a way of maintaining a strong Canadian presence in the banking industry. Certainly, recent technological advances have dramatically changed the manner in which the financial services industry conduct their business, and the above- mentioned banks feel, therefore, that they need to be bigger to compete and to have a substantial presence in the global banking community. Martin himself acknowledged the changed nature of banking when he said, "If you look back at banking five years ago, you might as well look back two centuries." While the proposed bank mergers brought attention to the challenges facing Canadas banks, these challenges are not peculiar to the banks alone.
    [Show full text]
  • 22 Oct 2015 Press Release Ecoplex
    For immediate release NAVARRO LOWREY, INC. SIGNS TD BANK'S INSTITUTIONAL HEALTHCARE BANKING GROUP AS NEW ECOPLEX® TENANT WEST PALM BEACH, Fla. (Date, 2015) --- Navarro Lowrey, Inc., announced today that TD Bank, America's Most Convenient Bank®, has signed a five-year lease at EcoPlex® at Centrepark West, 1641 Worthington Road, West Palm Beach, in the Centrepark Office District. TD Bank will relocate its Institutional Healthcare Group to EcoPlex® in early 2016 and occupy approximately 8,900 square feet of space on the third floor. EcoPlex® is the first speculative office building in West Palm Beach to achieve a LEED® Gold Certification from the U.S. Green Building Council (“USGBC”). The four-story, 100,000 square foot office building, with its adjacent garage, is also the first Class “A”, multi-tenanted office project in Palm Beach County built with a raised floor and demountable partitions, allowing its tenants to easily change their office workspace as their business plans dictate. TD Bank's Institutional Healthcare Group is one of the foremost financial partners of the healthcare industry in Florida and beyond. TD provides capital and specialized industry expertise to large healthcare entities, with a focus on acute care (hospitals, academic medical centers and health systems) and long-term care (skilled nursing facilities and home care), as well as larger physician practices, health insurers and surgery centers. "We're very pleased to partner with Navarro Lowrey and become a key tenant at EcoPlex®, which will allow us to expand our team as we accelerate our Institutional Healthcare growth strategy," said Colleen Mullaney, Senior Vice President and Head of Healthcare for TD Bank.
    [Show full text]
  • 64 Canadian Banks and Their Branches
    64 Canadian Banks and their Branches. Location. Bank. Manager or Agent. Halifax People's Bank of Halifax, head office . Peter Jack, cashr. Bank of British North America Jeffry Penfold. Bank of Montreal F. Gundry. Hamilton . Canadian Bank of Commerce John C. Kemp. Bank of Hamilton H.C. HammondjCshr. Bank of Montreal T. R. Christian. Merchants'Bank of Canada A. M. Crombie. Bank of British North America Thomas Corsan. Consolidated Bank of Canada J. M. Burns. Exchange Bank of Canada C. M. Counsell. Ingersoll., The Molsons Bank W. Dempster. Merchants' Bank of Canada D. Miller. Imperial C. S. Hoare. Joliette . Hochelaga Bank N. Boire. Exchange Bank of Canada R. Terroux, jnr. Kingston . Bank of British North America G. Durnford. Bank of Montreal K. M. Moore. Merchants' Bank of Canada D. Fraser. Kincardine Merchants' Bank of Canada T. B. P. Trew. Kentville, N. S.. Bank of Nova Scotia L. O. V. Chipman. Liverpool, N. S.. Bank of Liverpool R, S. Sternes, cshr. Lockport People's Bank of Halifax Austin Locke. Lunenburg Merchants' Bank of Halifax Austin Locke. Listowell Hamilton Bank W. Corbould Levis Merchants' Bank I. Wells. London Merchants'Bank of Canada W. F. Harper. Bank of Montreal F. A. Despard. Canadian Bank of Commerce H. W. Smylie. Bank of British North America Oswald Weir. The Molsons Bank. Joseph Jeffrey. Federal Bank of Canada Charles Murray. Standard Bank A. H. Ireland. Lindsay. Bankol Montreal , C. M. Porteous. Ontario Bank S. A. McMurtry. Lucan Canada Bank of Commerce J. E. Thomas. Maitland, N. S. Merchants' Bank of Halifax David Frieze. Markliam Standard Bank F.
    [Show full text]
  • Management's Discussion and Analysis of Operations and Financial
    MANAGEMENT’S DISCUSSION AND ANALYSIS OF OPERATIONS AND FINANCIAL CONDITION This management’s discussion and analysis (“MD&A”) of operations and financial condition for the third quarter of Fiscal 2020, dated August 24, 2020, should be read in conjunction with the unaudited interim consolidated financial statements for the period ended July 31, 2020, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”). This MD&A should also be read in conjunction with VersaBank’s (the “Bank”) MD&A and Audited Consolidated Financial Statements for the year ended October 31, 2019, which are available on the Bank’s website at www.versabank.com and SEDAR at www.sedar.com. Except as discussed below, all other factors discussed and referred to in the MD&A for the year ended October 31, 2019, remain substantially unchanged. HIGHLIGHTS (unaudited) for the three months ended for the nine months ended July 31 July 31 July 31 July 31 ($CDN thousands except per share amounts) 2020 2019 2020 2019 Results of operations Interest income $ 20,172 $ 22,958 $ 65,026 $ 66,042 Net interest income 12,384 14,059 40,417 40,242 Non-interest income 8 19 42 42 Total revenue 12,392 14,078 40,459 40,284 Provision (recovery) for credit losses (44) 381 238 (319) Non-interest expenses 6,410 6,860 20,014 20,225 Core cash earnings* 6,026 6,837 20,207 20,378 Core cash earnings per common share* $ 0.29 $ 0.32 $ 0.96 $ 0.96 Net income 4,369 4,963 14,659 14,791 Income per common share: Basic $ 0.18 $ 0.21 $ 0.62 $ 0.62 Diluted $ 0.18 $ 0.21 $ 0.62
    [Show full text]
  • Bank to Toronto – Saskatchewan Branches: 1906-1955 Version 8
    Bank to Toronto – Saskatchewan Branches: 1906-1955 Version 8 The Bank of Toronto was established in Toronto, Ontario in 1855. The Western branches were reportedly directed from the Winnipeg office. The Bank of Toronto and the Dominion Bank (est. in 1871 in Toronto) merged in 1955 to form the Toronto-Dominion Bank, also now referred to as the TD Bank Group or TD Canada Trust. In 1906 the Bank of Toronto opened the first three of about 30 Saskatchewan branches, starting in Yorkton (May __, 1906), then at Wolseley (July 20), and the third at Langenburg (Sept. 21). [Source: letter from Toronto-Dominion Bank Archives to Cecil Tannahill, 4 Nov. 1981; on file at the Provincial Archives of Saskatchewan; R-925.1 – Cecil Tannahill] On August 6, 1919, the construction publication Contract Record reported the following on p. 45: The Bank of Toronto constructed many of its buildings following a standard design, as was common practice then for all banks and remains so today, as part of establishing a highly visible corporate image for the public. In Saskatchewan, The Bank of Toronto buildings were primarily wooden structures; however a few brick buildings were erected as well. How it was decided which community would receive the standard wooden design, and which the more elaborate brick structures has not yet been determined; nor has the names of any architects or contractors associated with the construction, save for the 13 unidentified buildings mention in the above Contract Record notice. In this report, the primary source for data relating to the Bank of Toronto is the annual banking section of the Canadian Almanac (see sample below).
    [Show full text]
  • Bank of Toronto. Toronto the Bank of Toronto the Bank of Toronto
    THE BANKOF TORONTO. TORONTO' THE BANK OF TORONTO. TORONTO THE BANK OF TORONTO THE BANK OF TORONTO DIRECTORS W. G. GOODERHAM, PRESIDENT, PROCEEDINGS OF THE President Canada Permanent Mortgage Corporation. President Gooderham & Worts, Limited. President Manufaetvrerr Life Insurance Co. SIXTY-THIRD ANNUAL GENERAL MEETING JOSEPH HENDERSON, VICE-PRESIDENT. T~~~~~~,Director Confederation Life Association. { Director Canadian Mortgage Investment Ca. ~TH President Rolph-Clark-Stone, Limited. WEDNESDAY. JANUARY, 1919 WILLIAM STONE, Director Wm Stone Sons, Limited,Waadstock and TORONTO. Ingerroll. " Manufacturers Life Insurance Ca. 1President John Macdonald & Ca., Limited (Whale- The Annual General Meeting of the Stockholders of The Bank (being sale Dry Goods Importing House). JOHN MACDONALD, the Sixty-Third since the commencement of business) was held, pursuant Director Confederation Life Association. " Guarantee Ca. of North Amelia. to the terms of the Charter, at the Banking House of the Institution, corner King and Bay Streets, Toronto, on Wednesday, 8th January, Igrg. TORONTO.Dmetor GoodrrhPm 8r Worts, Limited. ' Confederation Life Association. Moved by Mr. JOHN MACDONALD,seconded by Mr. W. I. GEAR, President Lake of the Woods Milling Company. and " New Bmnswiek Railway Company. BnlG.-GaN' F. S' Resolwed-That Mr. W. G. Gooderbam be Chairman of this Meeting, of London. and that Mr. John R. Lamb be requested to act as Secretary. Cbairman Temiskaming and Northern Ontario Railway Commission, Moved by Mr. WILLIAM STONE, seconded by Mr. A. H J. L. ENGLEHART, President Crown Savings & Loan Co. Vice-president London & Western Trust Ca. CAMPBELL,and " " Imperial Oil Co., Limited. Resold-That Messrs. George R. Hargraft and C. H. Taylor be President Cmm Trust Co.
    [Show full text]
  • Reflections on the Canadian Payments Systems: from Manual Clearing to Electronic Funds Transfers
    REFLECTIONS ON THE CANADIAN PAYMENTS SYSTEMS: FROM MANUAL CLEARING TO ELECTRONIC FUNDS TRANSFERS by ALISON L. KIRBY B.A., McGill University, 1981 LL.B., The University of Ottawa, 1987 A THESIS SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF LAWS in THE FACULTY OF GRADUATE STUDIES (Faculty of Law) We accept this thesis as conforming to the required standard THE UNIVERSITY OF BRITISH COLUMBIA December, 1996 , ©Alison L. Kirby, 1996 In presenting this thesis in partial fulfilment of the requirements for an advanced degree at the University of British Columbia, I agree that the Library shall make it freely available for reference and study. I further agree that permission for extensive copying of this thesis for scholarly purposes may be granted by the head of my department or by his or her representatives. It is understood that copying or publication of this thesis for financial gain shall not be allowed without my written permission. Department of re-cu- ej LCJ^> The University of British Columbia Vancouver, Canada Date \> DE-6 (2/88) 11 ABSTRACT The Canadian payments system encompasses not only those traditional systems which facilitate the processing of paper payment instructions through the Automated Clearing and Settlement System (ACSS) and or the Bank of Canada but those electronic funds transfer (EFT) systems which are capable of processing payment instructions in purely electronic form. Access to the payments system is a key element in the retail and financial services sectors' bid to remain competitive on both national and global scales. Moreover, a complete system of electronic payments will eventually reduce the need for credit cards and, to the extent that it increases the use of deposits for payment purposes, it will reduce the need for currency and cheques as well.
    [Show full text]
  • Fossilized Finance
    Fossilized Finance How Canada’s banks still enable oil and gas production By Donald Gutstein APRIL 2021 Fossilized Finance HOW CANADA’S BANKS STILL ENABLE OIL AND GAS PRODUCTION By Donald Gutstein April 2021 This paper is part of the Corporate Mapping Project (CMP), a research and public engagement initiative investigating the power of the fossil fuel industry. The CMP is jointly led by the University of Victoria, Canadian Centre for Policy Alternatives and the Parkland Institute. This research was supported by the Social Science and Humanities Research Council of Canada (SSHRC). For more information visit corporatemapping.ca. PUBLISHING TEAM Shannon Daub, Jean Kavanagh, Emira Mears, Terra Poirier Copyedit: Dawn Loewen Layout: Susan Purtell Cover design: Paula Grasdal ISBN 978-1-77125-545-5 This report is available under limited copyright protection. You may download, distribute, photocopy, cite or excerpt this document provided it is properly and fully credited and not used for commercial purposes. The opinions and recommendations in this report, and any errors, are those of the author, and do not necessarily reflect the views of the publishers and the funders of this report. 520 – 700 West Pender Street Vancouver, BC V6C 1G8 604.801.5121 | [email protected] policyalternatives.ca The CCPA–BC is located on unceded Coast Salish territory, including the lands belonging to the xwməθwəýəm (Musqueam), Skwxwú7mesh (Squamish) and səÍílwətaʔɬ /Selilwitulh (Tsleil-Waututh) Nations. ABOUT THE AUTHOR DONALD GUTSTEIN is a writer and researcher, retired after teaching for 30 years in the Simon Fraser University School of Communication. He is the author of six books, most recently The Big Stall: How Big Oil and Think Tanks Are Blocking Action on Climate Change in Canada.
    [Show full text]
  • Transitions Fiscal and Political Federalism in an Era of Change
    Canada: The State of the Federation 2006/07 Transitions Fiscal and Political Federalism in an Era of Change Edited by John R. Allan Thomas J. Courchene Christian Leuprecht Conference organizers: Sean Conway Peter M. Leslie Christian Leuprecht Institute of Intergovernmental Relations School of Policy Studies, Queen’s University McGill-Queen’s University Press Montreal & Kingston • London • Ithaca SOTF2006/07Prelims 1 9/17/08, 2:32 PM The Institute of Intergovernmental Relations The Institute is the only academic organization in Canada whose mandate is solely to promote research and communication on the challenges facing the federal system. Current research interests include fiscal federalism, health policy, the reform of federal po- litical institutions and the machinery of federal-provincial relations, Canadian federalism and the global economy, and comparative federalism. The Institute pursues these objectives through research conducted by its own staff and other scholars, through its publication program, and through seminars and conferences. The Institute links academics and practitioners of federalism in federal and provincial govern- ments and the private sector. The Institute of Intergovernmental Relations receives ongoing financial support from the J.A. Corry Memorial Endowment Fund, the Royal Bank of Canada Endowment Fund, the Government of Canada, and the governments of Manitoba and Ontario. We are grateful for this support, which enables the Institute to sustain its extensive program of research, publication, and related activities. L’Institut des relations intergouvernementales L’Institut est le seul organisme universitaire canadien à se consacrer exclusivement à la recherche et aux échanges sur les questions du fédéralisme. Les priorités de recherche de l’Institut portent présentement sur le fédéralisme fiscal, la santé, la modification éventuelle des institutions politiques fédérales, les mécanismes de relations fédérales-provinciales, le fédéralisme canadien au regard de l’économie mondiale et le fédéralisme comparatif.
    [Show full text]
  • Architectural Drawings Bank of Toronto Branch
    Info about Bank of Toronto: History, Architecture and Artifacts at Guild Park Prepared by Friends of Guild Park, March 2016 Page 1 of 6 Architectural Drawings Bank of Toronto Branch 203 Yonge St., Toronto Sept. 1905 Designed by E.J. Lennox Showing original City of Toronto Coat of Arms in the pediment (triangular space above the entablature) and supported by Corinthian-style columns. Info about Bank of Toronto: History, Architecture and Artifacts at Guild Park Prepared by Friends of Guild Park, March 2016 Page 2 of 6 SOURCE: http://www.blogto.com/city/2012/01/a_closer_look_at_a_crucial_heritage_site_in_toronto/ The 1905 plan (left) for the Bank of Toronto branch (203 Yonge St.) shows how architect E.J. Lennox incorporated the City of Toronto coat of arms as a prominent decorative feature. The photo (below) is another stone carving of the City of Toronto coat of arms, this version preserved from the Bank of Toronto’s head office, built in 1912 at King and Bay streets. The larger building was designed by different architects, Carrere & Hastings of New York City. This world-renowned firm had just finished work on the New York Public Library. For the main Bank of Toronto, Carrere & Hastings retained the city’s coat of arms as a design element. It was positioned between a round window and the front doorway arch (see pg 4). This coat of arms was preserved in the mid- 1960s by Rosa and Spencer Clark and displayed on their grounds at the old Guild Inn. The coat of arms remains on public view at Guild Park.
    [Show full text]
  • Banks Had Been Chartered, Including the Bank of Upper Administrator of Upper Canada Introduced What Became Known As Canada in 1821
    BANKING IN UPPER CANADA By the time the first settlers had arrived in the area we now know as Cobourg, IN COBOURG the most common currency was "bons", a sort of promissory note named from Merrill Denison, in his two volume Canada's First the French phrase bon pour meaning Bank records that: good for the indicated amount. English, The Bank of Montreal came to Cobourg in 1840, attracted possibly by American and Spanish coinage was the resourcefulness of its inhabitants who had received several patents also generally accepted. during the 1830s for inventions in the fields of transportation, carpentry Needing a better source of money to and agriculture. finance the War of 1812, Isaac Brock, the But before that, other banks had been chartered, including the Bank of Upper administrator of Upper Canada introduced what became known as Canada in 1821. It became known as the "bank of the Family Compact" (i.e. the army bills. These bills were accepted in both Upper and Lower Canada and rich and powerful). However, its first representative in Cobourg, James Gray after the war were redeemed in full. Bethune, was sympathetic to the settlers' banking needs. Not surprisingly, In 1817, Montreal bankers were granted a charter by the British government his lending policies often ran counter to bank policies. Bankruptcy and a brief to open the first formal bank in Canada. Because of its monopoly rights, the stay in debtors' prison ruined Bethune's good reputation and he moved to New Bank of Montreal essentially acted as a central bank for both Upper and York State where he died.
    [Show full text]
  • Management's Discussion and Analysis
    MANAGEMENT’S DISCUSSION AND ANALYSIS FORWARD-LOOKING STATEMENTS ..................................................................................................................................... 1 OVERVIEW ............................................................................................................................................................................... 2 SELECTED FINANCIAL AND OTHER HIGHLIGHTS ............................................................................................................... 3 OVERVIEW OF PERFORMANCE ............................................................................................................................................. 4 2017 FINANCIAL RESULTS ..................................................................................................................................................... 5 TOTAL REVENUE .................................................................................................................................................................... 5 PROVISIONS FOR (RECOVERY OF) CREDIT LOSSES .......................................................................................................... 6 NON-INTEREST EXPENSES .................................................................................................................................................... 6 CORE CASH EARNINGS ........................................................................................................................................................
    [Show full text]