Canadian banking industry - Statistics & Facts

Canada is the second largest country in the world. With several sparsely-populated areas, branch banking is important. The provinces further north have fewer citizens per branch but also the lowest number of bank branches. In recent years, the number of bank branches has declined, in part due to internet banking and other mobile options.

Canadian banks hold trillions of dollars in total assets. Five firms dominate the Canadian banking industry. The two largest by assets are the Royal Bank of Canada (RBC) and Toronto-Dominion Bank (TD Bank). Trailing in size and revenue are the Bank of Nova Scotia (Scotiabank), Bank of Montreal (BMO), and the Canadian Imperial Bank of Commerce (CIBC). When measured by market capitalization, Canadian banks are among the largest in the world.

The national landscape in Canada varies greatly across the country. While the northern areas include the Arctic Circle and the harsh climate expected therein, southern Canada houses some of the leading financial centers in North America. This has also led to a culture which highly values personal contact and politeness. As such, the leading banks must compete for customer satisfaction. This is particularly important in a market when top five banks claim nearly three quarters of users’ primary accounts.

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In the following 5 chapters, you will quickly find the 37 most important statistics relating to "Banking industry in Canada".

Banking industry in Canada

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Global rankings

Royal Bank of Canada

Toronto-Dominion Bank

Scotiabank, Bank of Montreal, and Canadian Imperial Bank of Commerce

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