The Canadian Securities Market, 1850–1914

Bibliographic Data

ID9623940
AuthorsRanald C Michie (Academy of Economic Studies of Moldova, corresponding author)
Year1988
Volume62
Issue1
Pages35-73
Publication date1988-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Business History Review (JOURNAL)
Journal identifiersISSN: 0007-6805 • E-ISSN: 2044-768X
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/3115383
OpenAlexW2108997048
LanguageEN
Citations received4
References cited18

In this article Dr. Michie examines the origins and development of the Canadian securities market from its appearance in the mid-nineteenth century until the First World War. He traces the growth of Canadian-based and Canadian-owned joint-stock enterprise and the rise of a distinct Canadian investing public, which led to the establishment of a Canadian securities market, and he explains why so much Canadian business continued to be transacted on both the London and New York stock exchanges. Dr. Michie also discusses the rivalry between the Montreal and Toronto stock exchanges and its detrimental consequences for the creation of a strong and unified Canadian market. Finally, he argues that, despite Toronto's rapid growth, Montreal remained the financial center of Canada throughout this period

Business · Economics · Financial system · Investment banking · Primary market · Rivalry · Security market · Stock (firearms · Stock exchange · Stock market · Canadian Policy and Governance · Finance · History

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