The top 10 Canadian banks based on assets held as of Dec. 2008 are listed below:
|S.No.||Bank||Total Assets as of Dec, 2008 (in US $ Millions)|
|1||Royal Bank of Canada||595,034|
|2||Toronto Dominion Bank||462,979|
|3||Bank of Nova Scotia||417,283|
|4||Bank of Montreal||342,006|
|5||Canadian Imperial Bank of Commerce||290,941|
|6||Canada Mortgage and Housing Corp||166,187|
|7||Caisse de depot et de placement||152,601|
|9||National Bank of Canada||106,315|
|10||Maple Financial Group Inc||59,687|
The largest Canadian bank based on assets is the Royal Bank of Canada (RY), which is also the most profitable among the big five banks. The second and third largest banks are TD Bank(TD) and Bank of Nova Scotia(BNS) respectively.
Canada Mortgage and Housing Corp(CMHC) is Canada’s housing agency that provides mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. Montreal-based National Bank of Canada trades on the TSX with the ticker NA. Desjardins Group is the country’s largest financial cooperative group.