Dominion of Canada
With the onset of Canadian confederation, the Dominion of Canada came into existence on July 1, 1867. While the chartered banks were still permitted to issue their own notes, the government undertook the effort to implement its own currency.
- Canadian currency was decimalized with Confederation effectively making Canada leave the Sterling zone.
- Canada issued a new series of coins in the following denominations: one-cent, five-cent, ten-cent, twenty-five cents, and fifty-cents.
- These coins were legal tender in the four provinces that signed the Confederation Act: Ontario, Quebec, New Brunswick, and Nova Scotia.
Read more about this topic: History Of Canadian Currency
Famous quotes containing the words dominion of, dominion and/or canada:
“An immoderate fondness for dress, for pleasure, and for sway, are the passions of savages; the passions that occupy those uncivilized beings who have not yet extended the dominion of the mind, or even learned to think with the energy necessary to concatenate that abstract train of thought which produces principles.... that women from their education and the present state of civilized life, are in the same condition, cannot ... be controverted.”
—Mary Wollstonecraft (1759–1797)
“The kingdom of man over nature, which cometh not with observation,—a dominion such as now is beyond his dream of God,—he shall enter without more wonder than the blind man feels who is gradually restored to perfect sight.”
—Ralph Waldo Emerson (1803–1882)
“I see Canada as a country torn between a very northern, rather extraordinary, mystical spirit which it fears and its desire to present itself to the world as a Scotch banker.”
—Robertson Davies (b. 1913)