Commercial Banks in Canada

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Commercial Banks in Canada

The Canadian banking system is one of the safest and most efficient in the world. A 2008 World Economc Forum report ranked the Canadian banking system as the world’s soundest.


Commercial Banks in Canada

The Canadian banking system is one of the safest and most efficient in the world. A 2008 World Economc Forum report ranked the Canadian banking system as the world’s soundest.

Also called chartered banks, Canada’s banks have the highest number of ATMs per capita in the world. They also have one of the highest penetration levels of internet banking, phone banking, debit cards, and other types of electronic banking.

The largest banks in Canada are the Royal Bank of Canada, the Bank of Montreal, the Toronto Dominion Bank, the Bank of Nova Scotia and the Candian Imperial Bank of Commerce (CIBC). Major second-tier banks are the Mouvement Desjardins and the National Bank of Canada.

Below is a list of Canadian banks: 

  • Alberta Treasury Branches

  • Banca Commerciale Italiana – BCI Bank

  • Bank of Montreal

  • Banque Nationale du Canada

  • Bank of Nova Scotia

  • Business Development Bank of Canada – Banque de Développement du Canada

  • Canada Trust

  • Canadian Imperial Bank of Commerce – CIBC

  • Canadian Western Bank

  • Citizens Bank of Canada

  • Citizens Trust

  • First Calgary Savings

  • Hong Kong Bank of Canada – HSBC

  • ING Direct

  • Laurentian Bank of Canada

  • Mbanx – Canada’s first virtual bank

  • Mellon Bank Canada

  • Montreal Trust

  • Mouvement Desjardins

  • National Bank of Canada

  • Pacific Coast Savings

  • President’s Choice Financial

  • Royal Bank of Canada

  • Scotiabank

  • TD Bank

  • Toronto Dominion Bank

  • Trimark Investments

 

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