Almost immediately, it was the official banker for the Government of Lower Canada Quebec. To add further growth, banks began buying independent stock brokerage firms in Canada see Stock and Bond Markets. This document is to be distributed solely to persons that are qualified clients as defined under the Advice Law and qualified investors under the Israeli Securities Law of To manage this growth in retail business, the Bank of Montreal opened its first data-processing department in In an E.
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Read MoreThis document is to be distributed solely to persons that are qualified clients as defined under the Advice Law and qualified investors under the Israeli Securities Law of Corporate Debt. Several other small American bank acquisitions were also concluded at the time. This international growth allowed the Bank of Montreal to enter the investment banking industry, when, in , it issued a bond to England for Quebec. As a notable change, all banks were at last authorized by the government to lend money to their customers to purchase real estate such as homes and small businesses see Mortgage.