TODAY IN HISTORY

In 1530, Ivan the Terrible, Czar of Muscovy, was born. He ascended to the Russian throne at the age of three and eventually became the first czar. Ivan laid the foundations for the Russian empire but in 1560 embarked on a rampage of murder and destruction, even murdering his son and only heir.

In 1818, the Bank of Canada commenced operations in Montreal.

In 1937, Toronto announced school openings would be delayed because of a polio epidemic sweeping southern Ontario. In 2004, the Bank of Canada unveiled a new $20 bill with updated anti-counterfeiting features. (In May 2012, a new $20 polymer bill was introduced).