Leading banks in Canada 2023, by assets
The Canadian Banking industry
Canada is a large, diverse country, and the domestic banks provide several different banking services: retail banking, investment banking, corporate banking and private banking. In retail banking, also known as consumer banking, which refers to banking services to individuals and non-corporate customers, RBC received the highest customer satisfaction in 2023, followed by Bank of Montreal.
Canadian banks from a global perspective
The two largest Canadian banks - RBC and TD Bank - were not only the largest banks in Canada but were also among the largest banks in the world, following a range of U.S. and China-based banks. In 2023, the largest bank in the world by market capitalization was JPMorgan Chase.