What are the 'Big Six Banks'

The big six banks is a term used in Canada to describe the National Bank of Canada, Royal Bank, The Bank of Montreal, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and TD Canada Trust.

BREAKING DOWN 'Big Six Banks'

The National Bank of Canada, the sixth largest retail bank in Canada, is not to be confused with the Canadian central bank, the Bank of Canada.

RELATED TERMS
  1. Big Five Banks

    A reference used in Canada to describe Royal Bank, The Bank of ...
  2. Bank Of Canada - BOC

    The central bank of Canada, that came into existence after the ...
  3. Canada Savings Bond - CSB

    A financial product issued by the Bank of Canada. It offers a ...
  4. Statistics Canada (StatsCan)

    Canada's government agency responsible for producing statistics ...
  5. Investment Canada Act - ICA

    A piece of legislation designed to provide for the review of ...
  6. Special Purchase and Resale Agreement ...

    An open market operation in which the Bank of Canada purchases ...
Related Articles
  1. Insights

    The 3 Biggest Canadian Banks (RY, TD)

    Examine some of the largest banks in Canada, which also rank among the largest and most important banks in the industry worldwide.
  2. Financial Advisor

    Looking for Good Investments in Canada? Try These Stocks (BAM, CTC.A)

    Discover why investing in Canadian stocks makes sense and which Canadian companies to invest in even with oil prices at multi-year lows.
  3. Investing

    Toronto Stock Exchange: Safest Investment In The World?

    Canada, one of the wealthiest countries, is also one of the safest places to invest.
  4. Investing

    Why Bank Stocks May Keep Printing Money (BAC, C)

    Bank stocks could enjoy strong returns in 2017 according to a report published by Royal Bank of Canada.
  5. Trading

    The Canadian Dollar: What Every Forex Trader Needs To Know

    Canada is becoming an increasingly viable alternative to the U.S. dollar, making it more important in the forex market.
  6. Investing

    3 Reasons Canada's Economy Matters in 2016

    Discover why Canada's 2015 recession matters and why the United States is particularly dependent on a healthy Canadian economy.
  7. Personal Finance

    Retail Banking Vs. Corporate Banking

    Retail banking is the visible face of banking to the general public. Corporate banking, also known as business banking, refers to the aspect of banking that deals with corporate customers.
  8. Investing

    The Top 3 ETFs For Investing in Canada

    Learn specific information about three of the most popular and best performing ETFs that offer exposure to Canadian equity markets for U.S. investors.
  9. Investing

    The United States Vs. Canada - Differences In Investing

    While there are certainly some differences, American and Canadian investors have more in common than not.
  10. Insights

    The Canadian Economy, At A Glance

    The 12 economic indicators described here together provide a comprehensive picture of the state of the Canadian economy.
RELATED FAQS
  1. Who decides to print money in Canada?

    Discover how the Bank of Canada and chartered banks in the country can create new money, and how creating new money causes ... Read Answer >>
  2. What does it mean to invest in money center banks?

    Invest in foreign and domestic banks when you invest in money center banks. You'll find these financial centers in many major ... Read Answer >>
  3. What developed countries have the highest concentration in the banking sector?

    Learn about the developed countries that have the greatest concentration in the banking sector and the most important emerging ... Read Answer >>
  4. Are Canadian Pension Plans inflation-protected?

    Learn about the Canada Pension Plan and how it adjusts its contributions and benefits each year for changes in inflation ... Read Answer >>
  5. What economic indicators are important to consider when investing in the banking ...

    Find out which economic indicators are most useful for investors in the banking sector, especially those influenced by central ... Read Answer >>
Trading Center