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The Bank of Canada Building in Ottawa is the headquarters of the country's central bank. Bank of Canada (Central Bank) Business Development Bank of Canada. Farm Credit Canada – Government-owned Farm Credit is not a deposit-taking bank. It is, however, a major lender to the agriculture and agri-food industries.
Banking in Canada is one of Canada's most important industries with several banks being among its largest and most profitable companies. It is dominated by a small number of large banks, with the six largest combining for 93% of the banking assets. [1] The two largest, the Royal Bank of Canada and the Toronto Dominion Bank are among the world's ...
According to a ranking produced by Standard & Poor's, in 2017, the Big Five banks of Canada are among the world's 100 largest banks, with TD Bank, RBC, Scotiabank, BMO, and CIBC at 26th, 28th, 45th, 52nd, and 63rd place, respectively. [4] RBC and TD Bank are also on the Financial Stability Board 's list of systemically important banks as of 2020.
Credit unions are called caisses populaires in French-speaking communities of Canada. This one is located in Shediac, New Brunswick. Canada has significant per-capita membership in credit unions, representing more than a third of the working-age population. [1] Credit union membership is largest in Quebec, where they are known as caisses ...
The Canada Deposit Insurance Corporation ( CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. CDIC insures Canadians' deposits held at Canadian banks (and other member ...
DUCA Financial Services Credit Union Limited, commonly shortened to DUCA Credit Union, is a Canadian credit union. [1] Financial products include chequing and savings accounts, loans, mortgages, insurance and small business products. [2] It is a member-owned institution and its deposits are insured through the Financial Services Regulatory ...
EQ Bank was Canada's first digital bank, serving more than 578,000 customers across Canada. EQ Bank has been recognized as the Top Schedule I Bank in Canada by Forbes World's Best Banks for three years in a row (2021, 2022, and 2023). As of 2023, Equitable Bank had over $31 billion in deposits and over $111 billion in combined assets under ...
Servus Credit Union. Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, [4] and in 2015 became the second-largest credit union in Canada [5] and the largest credit union in Alberta. [6] Servus has around 380,000 members, who are served by nearly 2,400 employees from 100 locations in 59 ...