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 90% of the market share. 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 soundest banking systems in the world, and avoided major problems in the Financial crisis of 2007–2008.
Canada's banks have high service levels and investments in technology. A report released by the office of the Minister of Finance in 2002 states "Canada has the highest number of ATMs per capita in the world and benefits from the highest penetration levels of electronic channels such as debit cards, Internet banking and telephone banking". More recent data published by the World Bank shows that as of 2017 Canada has 227.82 ATMs per 100,000 adults, which ranks the country third worldwide.
Early Canadian banking system
Banking in Canada began to migrate in earnest from colonial overseas banking operations to a local banking system with the founding of the Bank of Montreal in 1817. Other banks soon followed and began business, and after a lengthy approval process began unregulated banking business. These institutions issued their own local bank notes as currency. However throughout the 1850s and early 1860s a number of bank failures caused a loss of confidence in bank notes. The passing of The Provincial Notes Act in 1866 allowed federal and provincial governments to begin to introduce their own notes. With the Canadian Confederation taking place in 1867, the new Dominion government gained complete control over currency and banking. In 1871 the federal government passed the Bank Act which started the process of bringing all charted banks in the country under common regulation. The establishment of the Bank of Canada in 1935 was also an important milestone in banking and monetary governance.
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La Banque canadienne impériale de commerce (Canadian Imperial Bank of Commerce (CIBC) en anglais) ( ), est l'une des cinq grandes banques à charte du Canada. L'acronyme CIBC est employé pour la plupart de ses affaires publiques. Son siège social est à Toronto, Ontario. Elle a des activités dans le monde entier avec une présence importante aux États-Unis, aux Caraïbes, et au Royaume-Uni. CIBC est une des deux grandes banques canadiennes ayant été fondées à Toronto avec la Banque Toronto-Dominion.
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 90% of the market share. 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 soundest banking systems in the world, and avoided major problems in the Financial crisis of 2007–2008.
Le Canada (prononcé en français standard ; en anglais ) est un pays d'Amérique septentrionale. Constitué de dix provinces et trois territoires, il s'étend dans les océans Atlantique à l'est, Arctique au nord et Pacifique à l'ouest ; cette façade maritime lui offre la huitième plus vaste zone économique exclusive du monde, avec comme particularité qu'elle soit moins vaste que ses eaux territoriales. Le pays a des frontières terrestres avec les États-Unis d'Amérique et le Danemark (Groenland).