Q:

What are some large banks in Canada?

A:

Quick Answer

Accuity lists Canada’s Toronto-Dominion Bank, the Royal Bank of Canada and the Bank of Nova Scotia amongst the largest in the world, as of 2015. Forbes includes the Royal Bank of Canada and the Toronto-Dominion Bank Group in its 2015 Global 2000 companies list.

Continue Reading

Full Answer

Accuity ranks largest banks in the world according to the value of their assets. Accuity obtains all the financial information about each bank from the Bankers Almanac. The Toronto-Dominion Bank ranks 31 on this list with assets of $839,621 million. With $835,896 million in assets, the Royal Bank of Canada follows at number 32. The Bank of Nova Scotia ranks at number 43 on the list and has assets worth $716,020 million.

Forbes takes into account revenues, profits and assets in its compilation of the Global 2000 list of public companies. The Royal Bank of Canada is number 15 on this list followed by the Toronto-Dominion Bank Group at number 19.

The official website of the Office of the Superintendent of Financial Institutions categorizes the Toronto-Dominion Bank, the Royal Bank of Canada and the Bank of Nova Scotia as federally regulated financial institutions. The Canadian Bankers Association mentions that these banks are domestic banks operating under Schedule I of Canada’s Bank Act.

Learn more about Banks

Related Questions

Explore