Investing in Canada's "Big Five" Banks

Canada's "Big Five" Banks

Big Five is the name colloquially given to the five largest banks that dominate the banking industry of Canada. All five banks are operationally headquartered in Toronto, Ontario. They are all classified as Schedule I banks that are domestic banks operating in Canada under government charter. The banks' shares are widely held, with any entity allowed to hold a maximum of twenty percent.

According to Bloomberg, in 2011 the big five dominate the world's ten strongest $100-billion-asset banks, with Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, National Bank of Canada and Royal Bank of Canada at 3rd, 4th, 5th and 6th place, respectively, while Bank of Nova Scotia sits at 18th place
Comment: I like all 5 of these. All seem solid and pay decent dividends. All 5 trade on the NYSE. In my chart below I compare with 5 major US Banks. I personally could not recommend C or BAC. (click chart for larger view)

Yahoo Finance Links to the "Big Five":


  1. 12/6 from WSJ: Behind Scotia's Global Push

    Scotia was set up in Halifax, the capital of the Canadian province of Nova Scotia, almost two centuries ago. It financed trade in sugar, rum and fish between the West Indies, the U.K. and Canada. It opened an office in Kingston, Jamaica, in 1889, eight years before opening a branch in Toronto. It now operates more branches overseas than in Canada.


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