Bank of Toronto (Yellowknife) Bank of Toronto (Yellowknife) The Bank of Toronto is a historic cabin located in Old Town, Yellowknife, Northwest Territories, Canada. The log cabin was constructed in 1939 by John Stakson an expert log builder in the commercial district of the Yellowknife community for use as a residence. In October 1944, the Bank of Toronto purchased the cabin and opened a new bank for the community, joining the Bank of Commerce (Yellowknife's first bank in 1938). The bank arrived in Yellowknife in response to new financial activity brought about by the intersection of gold in shear zones at Giant Mine and
Yellowknife limited to the Kam Lake and airport subdivisions. Jolliffe Island sits in Yellowknife Bay and is public land under the jurisdiction of the City of Yellowknife after a land purchase when Imperial Oil vacated the site. The island is surrounded by a community of houseboats who have been living off the grid since 1978. Their relationship with the city is complex and often strained as the houseboats are popular with sightseers, but at the same time they live outside of the city's tax jurisdiction while using city services leading to lawsuits and tensions with the City of Yellowknife. Yellowknife has