5 Best Top Rated Canadian Banks
It’s time to share the top 5 best banks in Canada that Canadians consider to be the most reliable. You may find it difficult to choose the right bank out of so many options. For different banking needs, we outline the Best Top Rated Canadian Banks.
1. Royal Bank of Canada
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One of Canada’s largest banks, the Royal Bank of Canada was founded in 1864. The Bank serves over 17 million customers worldwide and offers chequing, savings, student, and U.S. dollar accounts. They are one of the largest financial services providers in North America. Their products and services include personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services.
2. Toronto-Dominion Bank
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The second-largest bank in Canada. On July 31, 2022, TD had CDN$1.8 trillion in assets. With more than 15 million active online and mobile customers, TD is one of the world’s leading online financial services companies. New York and Toronto stock exchanges trade Toronto-Dominion Bank under the symbol “TD”.
3. Bank of Nova Scotia
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Nova Scotia Bank, or Scotiabank, is the one of the largest banks in Canada with approximately $1.3 trillion in assets and more than 90,000 employees. The bank has over 23 million customers. 10 million customers outside of Canada.
4. Bank of Montreal
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A total of 8 million customers are served by BMO Bank of Montreal in Canada which operates as BMO Bank of Montreal. Globally, the bank employs more than 42,000 people. A variety of crises, including World War I, the Great Depression, World War II, and the 2008 Global Financial Crisis, have not prevented the Bank from paying dividends consistently.
5. Canadian Imperial Bank of Commerce
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There are over 45,000 employees at Canadian Imperial Bank of Commerce, who offer a full range of financial products and services to 11 million personal, business, public sector, and institutional clients in Canada, the U.S. and around the globe across its Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses.
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