Canadian edges – The "Big Five edges"




The “Big Five Canadian edges” term refers to the top five banking institutions in Canada. These edges are Royal Bank of Canada, Toronto-Dominion Bank, Scotiabank, Canadian Imperial Bank of Commerce, and Bank of Montreal. The big five Canadian edges rule the Canadian financial markets having a combined market proportion of over 90%. These edges are in reality international edges with market proportion in USA, the Caribbean, Latin America, and Asia. They have thousands of employees across Canada and worldwide. You might encounter the “Big Six edges” term in addition, which is the “Big Five edges” and the National Bank of Canada, which mainly servers customers in Quebec.

RBC Financial Group or simply Royal Bank of Canada is the largest Canadian bank with headquarters in Toronto, Ontario. The bank was established in 1864, in Halifax, Nova Scotia. Royal Bank has over 70,000 employees worldwide with offices in more than 30 countries and operates 21% of all Canadian ATMs. Royal Bank shared shares are listed on Toronto Stock Exchange, Swiss Electronic Stock Exchange and New York Stock Exchange.

Toronto-Dominion Bank (TD Bank Financial Group) is the second major Canadian bank headquartered in Toronto, Ontario. The bank was established in 1855 in Toronto. TD Bank has over 58,000 employees, serving 14 million customers worldwide. The TD bank Financial Group shared shares are listed on Toronto Stock Exchange, New York Stock Exchange and Tokyo Stock Exchange.

Scotiabank before known as The Bank of Nova Scotia is the Canadian bank with strongest international presence. The bank was established in 1832 in Halifax, Nova Scotia. Scotiabank does business in over 40 countries, most notably in the Caribbean, Central and Latin Americas, Mexico and Asia. Scotiabank has over 12 million customers offering personal, business and investment banking sets. The bank has 57,000 employees worldwide. Scotiabank shared shares trade on both Toronto and New York Stock Exchanges.

The Bank of Montreal marketed as BMO Financial Group is Canada’s oldest bank, established in 1817 in Montreal, Quebec. The bank has 35,000 employees and provides a wide range of financial sets to its customers in Canada and USA. BMO is listed on Toronto Stock Exchange and New York Stock Exchange.

CIBC (Canadian Imperial Bank of Commerce) was established in 1867 in Toronto, Ontario. The bank has its headquarters in Toronto, and has over 37,000 employees worldwide, providing a wide range of financial sets to over 11 million clients. CIBC is the smallest of the “Big Five” Canadian edges. CIBC is listed on Toronto and New York Stock Exchanges.

The Canadian banking system is well established and developed and Canadian edges are one of the important pillars of the Canadian economy and society. Canadian financial institutions continue a network of over 7,500 bank branches and over 17,000 ATMs. The top five Canadian edges are all members of the Canadian Banker Association and Canada place Insurance Corporation.




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