10 Dollars

The Union Bank of Canada was one of the country's older chartered banks, headquartered in Quebec City before relocating its head office to Winnipeg in 1912 — the same year this note was issued, reflecting the bank's deliberate pivot toward the booming prairie economy. Winnipeg at the time was arguably Canada's most economically aggressive city, riding grain-trade expansion that briefly made it the third-largest financial centre in the country.

The American Bank Note Company in New York handled engraving and printing for numerous Canadian chartered banks during this period, a common arrangement given the limited domestic security printing capacity. The Union Bank was absorbed by the Royal Bank of Canada in 1925, ending its independent note-issuing history.