Industry WIKI

The banking sector of Canada is a large component of the nation's private sector and the broader Canadian economy. It is dominated by a small number of large banks, with the six largest combining for 93% of the banking assets. The two largest, the Royal Bank of Canada and the Toronto Dominion Bank are among the world's 25 largest banks. It has been considered to be one of the safest and

Certain large banks are tracked and labelled by several authorities as Systemically Important Financial Institutions (SIFIs), depending on the scale and the degree of influence they hold in global and domestic financial markets.