City of Montreal - 1958 dated Canadian $1000 Bond
Inv# SE1602 Bond
ABN-Specimen $1000 Bond. Modern Vignette. Rare! By 1951, Montreal's population had exceeded one million. However, Toronto's growth began to challenge Montreal's position as Canada's economic capital. The Toronto Stock Exchange had already outpaced the Montreal Stock Exchange in trading volume by the 1940s. The opening of the Saint Lawrence Seaway in 1959, which allowed ships to bypass Montreal, further diminished the city's economic dominance as businesses began relocating. Despite these shifts, Montreal experienced significant development in the 1960s, marked by the completion of Canada's tallest skyscrapers, new expressways, and the Montreal Metro subway system. The city also hosted the World’s Fair in 1967, widely known as Expo 67.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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