On 11 September 1860, the property was officially dedicated as Canada's first municipal park by Edward, Prince of Wales (later King Edward VII); and was named "Queen's Park", in honour of Queen Victoria. The park was originally planned to be opened the previous Saturday, although heavy rain led the dedication ceremony to be rescheduled to Tuesday. During the ceremony, he also laid a cornerstone for an eventual statue of Queen Victoria at the southern apex of the park. However, financial difficulties and delays would eventually see this spot be occupied by a statue of Sir John A. Macdonald, the first prime minister of Canada. The statue for Victoria would eventually be purchased and placed near the entrance to the legislative building in 1902.