Friday, February 11, 2011

Top 10 Best Canadian Banks

The Top Ten Canadian banks based on assets held as of Dec. 2010 are listed below:

1 Royal Bank of Canada - 595,034


2 Toronto Dominion Bank - 462,979
3 Bank of Nova Scotia - 417,283
4 Bank of Montreal - 342,006
5 Canadian Imperial Bank of Commerce - 290,941
6 Canada Mortgage and Housing Corp - 166,187
7 Caisse de depot et de placement - 152,601
8 Desjardins Group - 124,366
9 National Bank of Canada - 106,315
10 Maple Financial Group Inc - 59,687

The largest Canadian bank based on assets is the Royal Bank of Canada (RY), which is also the most profitable among the big five banks. The second and third largest banks are TD Bank(TD) and Bank of Nova Scotia(BNS) respectively.

Canada Mortgage and Housing Corp(CMHC) is Canada’s housing agency that provides mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. Montreal-based National Bank of Canada trades on the TSX with the ticker NA. Desjardins Group is the country’s largest financial cooperative group.


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