| Industry | Finance |
|---|---|
| Founded | 1972 |
| Defunct | 1978 |
| Fate | Merged into Provincial Bank of Canada/Banque provinciale du Canada |
| Headquarters | , Canada |
The Unity Bank of Canada was a small Canadian bank that was established in Toronto, Ontario, in 1972. Richard Higgins was president and David Matthews was general manager. It amalgamated with the Provincial Bank of Canada on February 14, 1977.
By September 1975, the bank had 23 branches in Quebec, Ontario, British Columbia and Alberta. [1]
In 1977, the Unity Bank experienced problem loans, and large creditors withdrew funds when they became aware of the bank's financial problems. The Bank of Canada advanced funds to provide liquidity support over a three-month period. Historically, very few chartered banks in Canada have experienced liquidity crises. [2]
Journalist Walter Stewart alluded to Unity Bank's troubled history in a 1983 speech to the Empire Club:
In our own day, the Unity Bank of Canada flowered and withered in the early 1970s under the direction of one Richard Higgins, a man who was a) very charming, b) very smart, and c) very crooked. He eventually wound up in jail, and almost nothing about what really happened ever appeared in Canadian newspapers.
— Walter Stewart [3]
United Empire Loyalist is an honorific title which was first given by the 1st Lord Dorchester, the Governor of Quebec and Governor General of the Canadas, to American Loyalists who resettled in British North America during or after the American Revolution. At that time, the demonym Canadian or Canadien was used to refer to the indigenous First Nations groups and the descendants of New France settlers inhabiting the Province of Quebec.
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Layton's work had provided the bolt of lightning that was needed to split open the thin skin of conservatism and complacency in the poetry scene of the preceding century, allowing modern poetry to expose previously unseen richness and depth.
Events from the year 1923 in Canada.
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Events from the year 1955 in Canada.
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