Crown Trust Company

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.

Crown Trust Company
TypeTrust company
IndustryFinancial service activities, except insurance and pension funding