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:
“... the big courageous acts of life are those one never hears of and only suspects from having been through like experience. It takes real courage to do battle in the unspectacular task. We always listen for the applause of our co-workers. He is courageous who plods on, unlettered and unknown.... In the last analysis it is this courage, developing between man and his limitations, that brings success.”
—Alice Foote MacDougall (1867–1945)