100 Dollars

The Banque d'Hochelaga was a Montreal-based French-Canadian institution founded in 1873 to serve a commercial community largely shut out of the Anglo-dominated banking establishment. By 1914 it had grown substantially, but the $100 denomination would have seen almost no retail circulation — notes of this value moved between businesses and clearing houses, not tills. Waterlow & Sons produced the plates in London, a common arrangement for Canadian chartered banks that lacked domestic security printing capacity of this scale.

The bank merged into the Banque Canadienne Nationale in 1924. High-denomination survivors from before that merger are genuinely rare.