History of cities in Canada electric elevators, built in 1895. This was followed by the Traders Bank of Canada, (15 floors, Yonge Street, 1905), the Canadian Pacific Building, (16 floors, 1913), the Royal Bank, (20 floors, 1915), the Royal York Hotel, 1929, and the Canadian Imperial Bank of Commerce, in 1931. Canada's first escalator was installed in 1904 at Eaton's Department Store on Queen Street. The beginnings of the rise of Toronto as the cultural capital of Canada were seen in the establishment in 1827 of what would become the University of Toronto and the founding of "The Globe" (later "The Globe and Mail")in 1844.
National Bank of Canada have a large part of their operations concentrated in Quebec. In November 1979, these two banks decided to merge under the new name" National Bank of Canada" in what was at the time one of the largest bank mergers. Through the 1980s the bank continued to grow and expand its businesses through a number of acquisitions, including the brokerage firm Lévesque Beaubien and a year later Geoffrion Leclerc, which became known as Lévesque Beaubien Geoffrion. In 1993, it sold its lease financing operations to GE Capital and acquired the assets of General Trust of Canada. In 1994, it made a