The "Big Five"
Canada's "big five" banks, in order of both assets and market capitalization:
- Royal Bank of Canada (RBC)
- Toronto-Dominion Bank (TD Canada Trust)
- Bank of Nova Scotia (Scotiabank)
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CIBC)
| Bank Name | Also Known as | Institution No |
|---|---|---|
| Royal Bank of Canada | RBC | 003 |
| Toronto Dominion Bank | (TD Canada Trust) | 004 |
| Bank of Nova Scotia | (Scotiabank) | 002 |
| Bank of Montreal | BMO | 001 |
| Canadian Imperial Bank of Commerce | CIBC | 010 |
The term "big six" is frequently used as well. The "Big Six" also includes the National Bank of Canada, though it is significantly smaller than the other major banks and is focused in the provinces of Quebec and New Brunswick.
Read more about this topic: List Of Banks And Credit Unions In Canada
Famous quotes containing the word big:
“Tom: All right, boys. C’mon. Why don’t you say I’m a yellow belly and a big mouth at that?
Shep: You yellow? Who thinks you’re yellow? Did you hear what he said? A guy who’s got the nerve to marry? That’s more than Flash Gordon ever did.”
—Billy Wilder (b. 1906)