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Over a century later, the Canadian Pacific Railway headquarters moved to Calgary from Montreal in 1996.) for one cent per acre per year).As a result of this policy, large ranching operations were established in the outlying country near Calgary.During these boom years, skyscrapers were constructed and the relatively low-rise downtown quickly became dense with tall buildings.The subsequent drops in oil prices were cited by industry as reasons for a collapse in the oil industry and consequently the overall Calgary economy.but it did not become a significant industry in the province until 1947 when reserves of it were discovered near Leduc.Calgary quickly found itself at the centre of the ensuing oil boom.The NWMP detachment was assigned to protect the western plains from US whisky traders, and to protect the fur trade.Originally named Fort Brisebois, after NWMP officer Éphrem-A.
The period during this recession marked Calgary's transition from a mid-sized and relatively nondescript prairie city into a major cosmopolitan and diverse centre.
In 2015, Calgary had the highest number of millionaires per capita of any major city in Canada.
In 1988, Calgary became the first Canadian city to host the Winter Olympic Games.
Already a transportation and distribution hub, Calgary quickly became the centre of Canada's cattle marketing and meatpacking industries.
By the late 19th century, the Hudson's Bay Company (HBC) expanded into the interior and established posts along rivers that later developed into the modern cities of Winnipeg, Calgary and Edmonton.