Safest Banks in Canada

Following are the best and safest banks in Canada:

Royal Bank of Canada (RBC)
- RBC is ranked No. 10 among the world's safest banks (No. 1 in Canada), according to Global Finance's 19th annual list.
- It was named "2007 Bank of the Year" in Canada by The Banker.
- RBC is the fifth largest financial institution in North America and ranked among the top 25 banks in the world (15th as at 12/9/2008).

Toronto-Dominion Bank
- Ranked among the world top 15 safest banks (2nd in North America) by Global Finance magazine in 2010.
- The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group (TDBFG), offering a full range of financial products and services.
- As of 31 July 2010, TD Bank Financial Group had CDN $603 billion in assets. It is also ranked among the world's leading online financial services firms, with more than six million online customers.

Scotiabank
- It is among the top three safest banks in Canada. Scotiabank Group and its affiliates offer a diverse range of products and services, including personal, commercial, corporate and investment banking, to its customers.
- In 2009, Scotiabank joined a group of only 11 blue-chip Canadian companies on the Dow Jones Sustainability World Index (DJSI World).

Caisse centrale Desjardins
- Ranked 4th among the World’s Safest Banks in North America for 2010 (Global Finance).
- Desjardins Group is the first cooperative financial group in Canada and sixth largest in the world (2009). It comprises a network of financial service cooperatives – caisses and credit unions, and subsidiary companies in life and general insurance, securities brokerage, venture capital and asset management.
- It provides financing, banking and international services to institutional organizations (governments, municipalities, school districts, etc.), large and medium-sized businesses and various Desjardins Group entities.

* Featured Articles:

Best Investment Banks in Canada

Top Financial Institutions in Canada

Largest Banks in the USA and Canada

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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