Old canadian bank notes

History of Banking 1980-1999

By Harvel

  • Inflation rates up 10.2% in 1980

  • Opening of the Currency Museum

    Opening of the Currency Museum

    The currency museum is a museum in Ottawa where you can find over 100,000 currency-related objects such as coins, cash registers, and examples of counterfeit money from around the world.
  • The Canadian Payments Association

    The Canadian Payments Association

    The Canadian Payments Association is a public-purpose organization with the goal to ensure that all financial transactions are done safely and securely.
  • Period: to

    1980-1999

  • Period: to

    1980 Recession

    The recession of 1980 was the worst recession in Canadian history since World War II. The Canadian economy was weaker than ever. With low GDP growth of 2.1%, the country had higher inflation, interest rates, and unemployment than the United States during the recession.

  • Inflation rates up 12.5% in 1981

  • Failure of the Canadian Commercial Bank

    Failure of the Canadian Commercial Bank

    The Canadian Commercial Bank (CBB) was a bank in Alberta founded in 1976. It failed in 1985 due to investing heavily in real estate and energy sector companies.

  • Inflation rates down 10.8% in 1982

  • Inflation rates down 5.8% in 1983

  • Failure of Northland Bank

    Failure of Northland Bank

    The Northland Bank was a bank founded in Alberta in 1974. The government of Canada closed the bank in 1985 shortly after its failure
  • The first loonies

    The first loonies

    The first loonies were minted in 1987 replacing the paper dollar
  • The first toonies

    The first toonies

    The first toonies ($2) were made in 1996 replacing the two-dollar bill.