Finance
and Investments
Review Directory - Information for Investing
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Canadian Banks The Canadian Banking scene is dominated by six large banks TD - Toronto Dominion Bank - TD Bank - is the second largest bank in Canada but has become a truly North American bank. It has branches across Canada and the eastern US from Maine to Florida. There are approximately the same number of branches in each of Canada and the US. It specializes in customer service, with longer banking hours and tries to minimize customer waiting time. BMO - Bank of Montreal
- Bank of Montreal -
branches across Canada and
the US. The US branches are mainly around the Chicago area under the
Harris Bank
name.They have discount and full service brokerages as well as
investment bank services. This bank has also purchased banks in
Wisconsin. CIBC - Canadian Imperial Bank of Commerce Canadian Imperial Bank of Commerce has branches across Canada. It has a full service investment service as well as a discount brokerage. CIBC has a large credit card business. National Bank of Canada - National Bank of Canada has branches across Canada with the majority in Quebec. This is the 6th largest bank in Canada.
RBC - Royal Bank of Canada - Royal Bank
also known as RBC, is the largest of the Canadian
Banks. It also maintains both full
service and
discount brokerages and a large investment dealer business. It is
expanding its investment bank business around the world. Bank of Nova Scotia -
Scotia Bank - branches across Canada as well as branches in Latin
America and
China. This bank is the most international of Canada's banks. It is the
third
largest bank in Canada by deposits and market capitalization. It has
over 2000
branches in over 50 countries. Smaller Banks and Credit Unions Canadian Western Bank - Canadian Western Bank. This bank operates in Western Canada. Desjardins - Desjardins financial group consists of credit unions in eastern Canada as well as insurance and other financial services. They are actually quite a large credit union and have a large market share in Quebec and parts of Ontario.
HSBC - HSBC financial
group's Canadian website. HSBC is one of the largest financial
institutions in
the world with around 8000 offices in 88 countries around the
world. Laurentian Bank -
Laurentian Bank is a smaller bank concentrated in Quebec but with
branches in
other provinces. Meridian Credit Union - Meridian Credit Union - based in Ontario. National Association for Credit Unions in Canada - the national association for credit unions in Canada.President's Choice Financial - President's choice financial - This is a virtual bank that is operated in partnership with CIBC. They have low service charges for their accounts and is quite popular. Account holders with PC Financial can use CIBC's ATMs without any extra service charges. |
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