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The Bank Act is the law passed by Parliament to regulate Canada's chartered banks. The Act has 3 main goals: protecting depositors' funds; ensuring the maintenance of cash reserves, and promoting the efficiency of the financial system through competition. -
The Treaty of Washington granted Americans fishing rights in Canadian waters and the use of Canadian canals and the St Lawrence River. Canadians were allowed to navigate Lake Michigan and Alaskan rivers. -
The Pacific Scandal led to the resignation of Prime Minister John A Macdonald, the scandal involved allegations of corruption related to the construction of the Canadian Pacific Railway. -
The RNWMP was created to maintain law and order in western territories, it later becomes the Royal Canadian Mounted Police or the RCMP. -
Bank of Canada was founded in 1874 to regulate and stabilize the country's financial system.. -
The Indian Act has undergone numerous amendments since it was first passed in 1876, today it largely retains its original form. -
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Officially disempowered Native women, stating they “cease to be an Indian in any respect” if they marry “any other than an Indian, or a non-treaty Indian.” -
The Canadian Pacific Railway a transcontinental railway connecting the east and west coasts of Canada, is completed. It plays a crucial role in the economic development of Canada. -
Thirty-eight banks were chartered by this time. This number barely changed until WW1. (Canadian Encyclopedia) -
In 1891, the Bankers Association (later the Canadian Bankers Association) was founded. Today, it advocates for public policies that contribute to a thriving, manageable, and useful banking system to ensure Canadians can succeed in their financial goals. -
The founding of the Yukon territory is tied to the Klondike Gold rush. -
The Klondike Gold Rush was from 1896 to 1899. The discovery of gold in the Klondike region of Yukon attracts a lot of prospectors, contributing to economic growth within Canada, especially in the western part.