Number of banks in Canada: 77 |
| Taxes paid in Canada in 2010 (by the six largest banks): $8.3 billion |
| Banks contribute approximately 3.4% to Canada’s GDP. |
| Taxes paid worldwide in 2010 (by Canada's six largest banks): $10.1 billion |
| Amount banks and their subsidiaries paid in salaries and benefits in Canada in 2009: $18.2 billion |
| Dividend income paid in 2010 by Canada’s banks to shareholders: $10 billion |
| Canada’s Bank Act is reviewed and updated every five years to ensure the regulatory structure is keeping pace with changes in the industry. |
| In 2010, banks employed 267,240 Canadians and industry employment has increased by 11.5% over the past ten years while full-time industry employment has increased by 21.5% over the same period. |
| Number of people employed by Canadian banks in other countries in 2010: 94,000 |
| Percentage of senior managers with the six largest banks who are women (2009): 32%. Women constitute 69% of the workforce at Canada’s six largest banks (excluding subsidiaries). |
| Canadians are careful borrowers, and mortgage arrears in Canada remain very low (in fact, as of July only 0.4% of bank mortgages are in arrears). |
| Number of bank branches across Canada: 6,150, of which approximately 2,100 are rural and small town branches |
| Number of transactions logged at bank-owned ABMs in Canada (2010): 932 million |
| Number of online banking transactions completed with the six largest banks in Canada in 2009: 489.4 million |
| Banks provide financing to some 1.6 million small and medium-sized businesses. |
| Percentage of Canadians who believe that Canada’s banks are more stable and secure compared to other banks around the world: 81% |
| Percentage of Canadians that have a favourable impression of banks in Canada: 75% with one quarter of Canadians holding a very favourable impression. |
| Percentage of Canadians who think that banks in Canada are doing an important job in contributing to Canada’s economic recovery: 76% |
| Amount six largest Canadian banks spent on technology in 2009: $5.8 billion |
| Amount six largest Canadian banks spent on technology from 1996 to 2009: $55.8 billion |
| #1 – Canada’s ranking by the World Economic Forum for the most sound banking system in the world, ( a ranking achieved four years in a row) |
General inquiries:
1-800-263-0231 or inform@cba.ca
Media inquiries:
Rachel Swiednicki, Manager, Media Relations
(416) 362-6093, ext. 220 rswiednicki@cba.ca
