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:
“Under the dominion of an idea, which possesses the minds of multitudes, as civil freedom, or the religious sentiment, the power of persons are no longer subjects of calculation. A nation of men unanimously bent on freedom, or conquest, can easily confound the arithmetic of statists, and achieve extravagant actions, out of all proportion to their means; as, the Greeks, the Saracens, the Swiss, the Americans, and the French have done.”
—Ralph Waldo Emerson (1803–1882)
“Let us learn to live coarsely, dress plainly, and lie hard. The least habit of dominion over the palate has certain good effects not easily estimated.”
—Ralph Waldo Emerson (1803–1882)
“This universal exhibition in Canada of the tools and sinews of war reminded me of the keeper of a menagerie showing his animals’ claws. It was the English leopard showing his claws.”
—Henry David Thoreau (1817–1862)