Canadian Banking Sector Overview

Front

What is the financial heart of Canada?

Back

Toronto

Front

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

Back

Toronto

Front

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

Back

Almost $10 billion (USD).

Front

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

Back

6.7%

Front

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

Back

Canadian Imperial Bank of Commerce (CIBC)

Front

When was the Canadian Imperial Bank of Commerce founded?

Back

1961

Front

What were the two banks that merged to form CIBC?

Back

The Canadian Bank of Commerce and the Imperial Bank of Canada

Front

What is the total asset value of CIBC?

Back

Over $600 billion (USD)

Front

How many employees does CIBC have?

Back

Over 40,000 employees

Front

What is the main focus of CIBC?

Back

Retail and small business banking