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Banking in Canada is widely considered the most efficient and safest banking system in the world, ranking as the world's soundest banking system for the past three years according to the 2010-2011 Global Competitiveness report by the World Economic Forum. Released at October 2010, Global Finance magazine put Royal Bank of Canada at number 10 among the world's safest bank and Toronto-Dominion Bank at number 15.
The five largest Banks in Canada offer their services in Ottawa, they are:
Other Financial Services
Business Development Bank of Canada
The Business Development Bank of Canada (BDC) is a financial institution wholly owned by the government of Canada. BDC plays a leadership role in delivering financial, investment and consulting services to Canadian small businesses, with a particular focus on the technology and export sectors of the economy.
Canada Investment and Savings
Canada Investment and Savings is a Special Operating Agency of the Department of Finance, Government of Canada. Our role is to design, market and manage savings and investment products for Canadian savers and investors, thereby serving the needs of Canadians for saving products and the needs of the Government and taxpayers for cost effective funding of the public debt.
Federally Regulated Financial Institutions in Canada
The office of the Superintendent of Financial Institutions supervises, advises, monitors and evaluates financial institutions to allow these institutions to compete effectively and take reasonable risks.
Related Reports
- Global Competitiveness Report - Canada
Report identifies key factors determining economic growth. The World Economic Forum ranks Canada in consideration of these multiple factors.
World Economic Forum, 2010-11
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