Canadian Banks

Canada has stable and very well developed banking system and Canadian banks play important role in Canadian economy and society. Canadian banks are amongst the top Canadian employers, employing over 200,000 people. Canadian banks are among the top tax payers too.

Canadian Banks have created widespread financial network consisting of over 8,000 bank branches and over 18,000 ABMs (automated banking machines). Canadian banks offer many electronic services like online banking and debit cards.

The "Big Five" Canadian banks are Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Bank of Montreal. The big five Canadian banks and the Bank of Canada, are frequently called the "Big Six Banks" account for 90% of the assets of the Canadian banking business.

The "big five" Canadian Banks have significant presence outside of Canada most notably in United States, Latin America, the Caribbean region and Asia.

We also have various financial and Canadian loan articles which might be of interest for Canadians. Our Canadian Mortgage Guide will help you get better understanding how mortgage works and how to choose a better mortgage. Our Payday Loan articles explain the pros and cons of getting a payday loan in Canada. The Canadian Credit Cards articles explain how to choose a good credit card and how you can build your credit history using a credit card. We have several articles explaining common banking terms like Debit Cards,Canadian Bank Account Types, Deposit Insurance in Canada and many more. We also offer several useful financial calculators. Please visit our Mortgage Calculator to estimate your monthly mortgage payments, the Loan Calculator to get an idea how much will you be paying monthly if you take out a loan, and our Savings Calculator to find out the future value of your savings. Estimate how long it will take you to pay off your credit card debt with our Credit Card Payment Calculator. Don't forget to check your financial IQ with our financial quiz.

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