Canadian Banking Sector Overview

Canadian Banking Sector Overview

Assessment

Flashcard

Business

Professional Development

Medium

Created by

Priscilla McGreer

Used 1+ times

FREE Resource

Student preview

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30 questions

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1.

FLASHCARD QUESTION

Front

What is the financial heart of Canada?

Back

Toronto

2.

FLASHCARD QUESTION

Front

Where are the headquarters of the Big Five banks in Canada located?

Back

Toronto

3.

FLASHCARD QUESTION

Front

How much did the six largest banks in Canada pay in taxes last year?

Back

Almost $10 billion (USD).

4.

FLASHCARD QUESTION

Front

What percentage of Canada's GDP does the financial sector contribute?

Back

6.7%

5.

FLASHCARD QUESTION

Front

Which bank is number 5 on the list of largest banks in Canada?

Back

Canadian Imperial Bank of Commerce (CIBC)

6.

FLASHCARD QUESTION

Front

When was the Canadian Imperial Bank of Commerce founded?

Back

1961

7.

FLASHCARD QUESTION

Front

What were the two banks that merged to form CIBC?

Back

The Canadian Bank of Commerce and the Imperial Bank of Canada

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