Banks in Canada tend to have substantial international operations in addition to their domestic businesses. Because of the proximity of Canada to the United States, several of the domestic banks have over time expanded into the U.S. On the other hand, a number of U.S. banks and banks from other countries also operate within Canada. The below is a list of the major domestic banks in Canada. Further below you’ll find additional information about banks in Canada.

These are the 8 Largest Banks in Canada

  1. TD Bank
    • Total Assets: $1,779 billion
    • Total Loans: $750 billion
    • Total Deposits: $1,180 billion
    • Employees: 89,658
    • Website: https://www.td.com/
  2. Royal Bank of Canada
    1. Total Assets: $1,752 billion
    2. Total Loans: $744 billion
    3. Total Deposits: $1,143 billion
    4. Employees: 85,301
    5. Website: https://www.rbcroyalbank.com/
  3. Scotiabank
    1. Total Assets: $1,245 billion
    2. Total Loans: $673 billion
    3. Total Deposits: $851 billion
    4. Employees: 89,488
    5. Website: https://www.scotiabank.com/
  4. Bank of Montreal
    1. Total Assets: $1,023 billion
    2. Total Loans: $487 billion
    3. Total Deposits: $705 billion
    4. Employees: 43,863
    5. Website: https://www.bmo.com/
  5. CIBC
    1. Total Assets: $862 billion
    2. Total Loans: $476 billion
    3. Total Deposits: $650 billion
    4. Employees: 45,282
    5. Website: https://www.cibc.com/
  6. National Bank of Canada
    1. Total Assets: $367 billion
    2. Total Loans: $182 billion
    3. Total Deposits: $247 billion
    4. Employees: 26,920
    5. Website: https://www.nbc.ca/
  7. Laurentian Bank of Canada
    1. Total Assets: $46 billion
    2. Total Loans: $34 billion
    3. Total Deposits: $24 billion
    4. Employees: 2,800
    5. Website: https://www.laurentianbank.ca/
  8. Canadian Western Bank
    • Total Assets: $38 billion
    • Total Loans: $33 billion
    • Total Deposits: $30 billion
    • Employees: 2,617
    • Website: https://www.cwbank.com/

Key Statistics about banks in Canada

  • Total Assets: C$3.9 trillion
  • Total Deposits: C$2.6 trillion
  • Total Loans Outstanding: C$2.8 trillion
  • Total Mortgage Loans Outstanding: C$1.6 trillion
  • Total Credit Card Loans Outstanding: C$74 billion