Bank of Canada advances to federal and provincial governments

There is much contention surrounding the history of the Bank of Canada making advances to the federal government and provinces.  Some claim it never happened, that although there were provisions in the Bank of Canada Act (article 18 (i) and (j)) for advances, this provision…

Municipal Improvements Assistance Act 1938, Bill 143

It has been claimed by many that the federal government never made loans directly to cities for infrastructure.  This is incorrect, one just needs to dig deep enough into the Canada Gazette archives.  There one will find the Municipal Improvements Assistance Act 1938, and the…