The Bank of Canada was formed in 1934. It is responsible for monetary policy in Canada.The Bank can affect the money supply and interest rates and operates independently from the federal government.
On January 1, 1989 the Free Trade Agreement between Canada and the United States came into effect.This agreement significantly reduced or eliminated trade barriers between Canada and the U.S.
In 1896 a group of gold miners discovered gold in Bonanza Creek—a tributary of the Klondike River.This discovery led many people—about 100,000—north to try and find gold.This period is called the Gold Rush.
In 1939 Canada’s National Film Board was created.The Film Board exists to this day. It has produced a wide range of quality film productions and has won Academy Awards for its work.
The Meech Lake Accord was an effort to bring Quebec into Canada’s Constitution. However, opposition, particularly in Newfoundland and Manitoba, led to its collapse in June of 1990.
Canada first sent troops overseas in 1899 to fight in the Boer War in South Africa.s.
By declaring war on Germany on September 10, 1939, Canada joined Britain and France in the battle against Adolf Hitler and Nazi Germany.
In 1991 the Goods and Services Tax came into effect.This replaced a manufacturers’ tax with a consumer-based tax. It is known as the GST.
In 1758 there was a legislative assembly elected in Halifax, Nova Scotia. It was the first legislature to be elected by the people in British North America.
In August of 1905 Roald Amundsen sailed across the north of Canada proving that there was a northwest passage connecting the Atlantic Ocean with the Pacific Ocean across the north of Canada.