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  2. Feb 10, 2024 · Royal Bank of Canada (RBC) is the largest bank in Canada by assets, revenue and market capitalization. The company’s business segments include Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services and Capital Markets.

  3. Big Five is the name colloquially given to the five largest banks that dominate the banking industry of Canada: Bank of Montreal (BMO), Scotiabank, Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), and Toronto-Dominion Bank (TD).

    • Will Kenton
    • Royal Bank of Canada. Royal Bank of Canada is the largest of the Big Five. In its Q3 2023 quarterly reporting, Royal Bank of Canada reported total net assets under management of CA$1.957 trillion.
    • Toronto-Dominion Bank. The second-largest bank in Canada, the Toronto-Dominion Bank recently has the most assets, though it was recently overtaken by Royal Bank of Canada.
    • Bank of Nova Scotia. The Bank of Nova Scotia, or Scotiabank, is the next largest bank in Canada with Q2 2023 net income of CA$2.2 billion. Of this, CA$4.5 billion was due to net interest income, while $3.5 billion was due to non-interest income.
    • Bank of Montreal. The Bank of Montreal is the next largest Canadian bank. In the firm's 2022 annual report, Banko of Montreal, or BMO, reported total assets under management of CA$1.1 trillion.
  4. Nov 15, 2023 · Here are the Big Five banks ranked in terms of net revenue at the end of 2022: Royal Bank of Canada (RBC) — $48.99 billion. Toronto-Dominion Bank (TD) — $46.17 billion.

    • CAN-legal@nerdwallet.com
  5. Jul 12, 2024 · The Big Six Banks in Canada are the five top largest banks (above) plus an additional bank: National Bank of Canada – $423.6 billion

  6. Feb 29, 2024 · The banking industry in Canada is dominated by the five largest banks in the country: Toronto-Dominion Bank (TD Bank), Royal Bank of Canada (RBC), Bank of Nova Scotia...

  7. Jul 26, 2024 · What's the biggest bank in Canada? The biggest bank in Canada is the Royal Bank of Canada, otherwise known as RBC. It has a higher net worth, more nationwide locations, and serves a larger number of clients than any other financial institution in the country.

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