Nor will one of the country's major chartered banks have to worry about being nationalized.
Issues by the chartered banks were prohibited in 1944.
Canadian chartered banks were allowed to issue bank notes until 1943.
The chartered banks were limited to issuing notes in denominations of $4 and over.
The chartered banks still issuing their own bank notes were permitted to do so for another ten years.
Prime lending rates at Canadian chartered banks will also go up by half a point, to 7.5 percent.
Large numbers of chartered banks were founded in the 1830s, 1850s, 1860s and 1870s, although many issued paper money for only a short time.
Like the other Canadian chartered banks, it issued its own paper money.
He worked in personal and corporate lending with a major Canadian chartered bank.
The notes were printed by private chartered banks in both large cities and small towns.
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