Crown Trust

The Crown Trust Company was an Ontario-based firm that operated in most of Canada[1][2] prior to its bankruptcy, along with several other trusts, in 1983. The bankruptcies occurred when a major Canadian recession drove down speculative real estate values into which the trusts had made increasingly bad loans during a period of rising inflation and interest rates. Crown Trust, and many other Canadian financial institutions, were left with an overwhelming volume of defaulted mortgages.

History

In January 1946, Crown Trust merged with Guarantee Trust of Montreal.[3]

It eventually came to be controlled by Argus Corporation.

gollark: I've never actually lost any, I think my last one died due to a nonfunctional touchscreen and the one before that due to a defect with the charging port.
gollark: I mostly just buy cheap (~£120) phones, which means repair is hard but at least they can be replaced cheaply in two years when they inevitably break.
gollark: Something like that? In any case, it was allegedly vaguely better somehow but made repairs cost more.
gollark: Apple started the trend some years back of fusing the screen glass with the touchscreen digitizer or whatever it is so it's very expensive to replace if it cracks, since you have to replace the entire thing.
gollark: It's possible. They are definitely quite bad to *repair*.

References

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