Financial Links / Financial Institutions
===========================================================================
Canadian Banks
Canadian Insurance Companies
Government Bodies
===========================================================================
Canadian Schedule I Banks
Schedule I banks are domestic banks and are authorized under the
Bank Act toaccept deposits, which may be eligible for deposit insurance provided by the Canadian Deposit Insurance Corporation.
The Big Six
| RBC Royal Bank |
The largest bank among the Bix Six. Royal Bank of Canada was ranked the most valuable Canadian brand, with an estimated value of C$4.4 billion in the November 22-December 5, 2004 issue of Canadian Business magazine. |
| TD Bank - |
The second largest bank in Canada. |
| Scotiabank |
Also known as The Bank of Nova Scotia, has significant interest in Latin America market. |
| CIBC |
Canadian Imperial Bank of Commerce |
BMO Bank of Montreal |
BMO also has substantial operations in the Chicago area and elsewhere in the United States, where it uses the Harrisname. |
| National Bank |
Although the smallest of Big Six, National Bank has 546 branches nationwide, including 454 in Quebec, where it's headquatered. The bank also has representative offices or branches in Beirut, Havana, Hong Kong, Seoul, Paris, Paris, Nassau, and New York, and a subsidiary in Florida. |
As of 2006, these six banks, along with the Laurentian Bank of Canada, are the only ones listed on Schedule I as the chartered national banks. The Big Six chartered banks participate in the Large Value Transfer System (LVTS) together with 8 other banks (including the Bank of Canada).
Other Schedule I Banks
Amicus Bank
Bank West
Canadian Tire Financial Services
Canadian Western Bank
Citizens Bank of Canada
CS Alterna Bank
First Nations Bank of Canada
Laurentian Bank of Canada
Manulife Bank of Canada
Pacific & Western Bank of Canada
President's Choice Bank
Ubiquity Bank of Canada
Dundee Wealth Bank
Canadian Schedule II Banks
Schedule II banks are foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canada Deposit and Insurance Corporation. Foreign bank subsidiaries are controlled by eligible foreign institutions.
Amex Bank of Canada
Bank Of China (Canada)
Bank Of East Asia (Canada)
Bank of Tokyo- Mitsubishi UFJ (Canada)
BCPBank Canada
BNP Paribas (Canada)
Citibank Canada
CTC Bank of Canada
Habib Canadian Bank
HSBC Bank Canada
ICICI Bank Canada
ING Bank of Canada
International Commercial Bank of Cathay (Canada)
J.P. Morgan Bank Canada
Korea Exchange Bank of Canada
MBNA Canada Bank
Mizuho Corporate Bank (Canada)
National Bank of Greece (Canada)
Société Générale (Canada) (France)
State Bank Of India (Canada)
Sumitomo Mitsui Banking Corporation Of Canada
UBS Bank (Canada)
Canadian Schedule III Banks
Schedule III banks are foreign bank branches of foreign institutions that have been authorized under the Bank Act to do banking business in Canada. These branches have certain restrictions.
ABN Amro Bank N.V.
(The Netherlands)
Bank Of America, National Association, Canada Branch
Capital One Bank (Canada Branch)
Citibank, N.A.
Comerica Bank
Deutsche Bank A.G.
First Commercial Bank
HSBC Bank USA
JPMorgan Chase Bank
Maple Bank GmbH
Mellon Bank, N.A. Canada Branch
Rabobank Nederland, Canadian Branch
State Street Bank And Trust Company
United Overseas Bank Limited
UBS AG Canada Branch
U.S. Bank National Association
LENDING BRANCHES
Credit Suisse First Boston
National City Bank
Ohio Savings Bank Canadian Branch
Union Bank of California, N.A.
WestLB AG
Canadian Insurance Companies
Insurance companies is divided into two broad categories, i.e. Property and Casualty Insurance and Life and Health Insurance.
- There were 105 life and health insurance companies operating in Canada at the end of 2004.
- Almost 24 million Canadians and their dependants are protected by one or more of the life and health industry's products and services.
- At the end of 2004, Canada's life and health insurers held $341.9 billion in assets on behalf of Canadian life and health insurance policyholders. Most of the total was invested in Canada's economy, primarily in government bonds ($72 billion), corporate bonds ($64.2 billion), corporate stocks ($50.1 billion), mutual funds ($62.1 billion), commercial mortgage loans ($23.9 billion), and residential mortgage loans ($17.7 billion).
- In 2004, Canadian life and health insurers generated $62.5 billion, or 54% of their total worldwide premiums (and premium equivalents) from foreign clients for life insurance, health insurance and annuities. Some 20 million people in more than 20 countries outside Canada own life insurance policies with Canadian companies.
- 116,100 people were working in the life and health insurance business in Canada: 51,800 full-time employees and agents, and 64,300 independent agents earning at least part of their income from the life and health insurance industry.
- In 2004, Canadians paid a total of $58.2 billion in premiums (and premium equivalents) on existing and new policies.
- By year-end 2004, Canadians owned $2,610 billion in life insurance.
- During 2004, Canadians received $48.1 billion in payments from life and health insurance companies, including payments under uninsured contracts.
- During 2004, Canadians purchased about 856,100 individual life insurance policies.
For complete details on the Canadian life and health insurance industry, refer to Canadian Life and Health Insurance Facts.
AIG Assurance Canada
The Canada Life Assurance Company
The Great-West Life Assurance Company
Industrial Alliance Insurance and Financial Services Inc.
London Life Insurance Company
Manulife Financial
RBC Life Insurance Company
The Standard Life Assurance Company of Canada
State Farm Life Insurance Company
Sun Life Assurance Company of Canada
Canadian Life and Health Insurance Association Inc.
