Way back before confederation in 1867, Canada’s financial landscape looked very different than it does today. Banks issued their own notes representing U.S. dollars and cents or British pounds and pence, depending on the institution. And bank patrons received no guarantees that their “money” would serve them beyond provincial borders, seeing as how the provinces’ financial systems weren’t even compatible. In New Brunswick, a British Sovereign (gold coin) was worth US$4.87. But in Nova Scotia, the Sovereign carried more heft: US$5. Conversion wasn’t easy.
Stepping into account aggregation
Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.
Jim Love, Chief Content Officer, IT World Canada
We'd love to hear your opinion about this or any other story you read in our publication.
Jim Love, Chief Content Officer, IT World Canada
Featured Download
Tech Jobs
Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.