Banking in Canada
Summary
Banking in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Banking in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total assets held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Canadian banking industry recorded assets of $7,149.7 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1% between 2020 and 2025.
- The bank credit segment accounted for the industry's largest proportion in 2025, with total assets of $2,962.7 billion, equivalent to 41.4% of the industry's overall value.
- The growth of the Canadian banking industry is driven by the expanding economy, which fuels demand for credit, deposits, and other banking services. Economic expansion increases the need for loans for investment, business growth, and consumer spending, resulting in higher bank revenues.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banking market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banking market in Canada
- Leading company profiles reveal details of key banking market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada banking market with five year forecasts
- What was the size of the Canada banking market by value in 2025?
- What will be the size of the Canada banking market in 2030?
- What factors are affecting the strength of competition in the Canada banking market?
- How has the market performed over the last five years?
- What are the main segments that make up Canada's banking market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
2.3. Regulatory landscape
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the recent trends in the Canadian banking industry?
7.5. What are the recent developments in the industry?
8 COMPANY PROFILES
8.1. Royal Bank of Canada
8.2. The Bank of Nova Scotia
8.3. Canadian Imperial Bank of Commerce
8.4. Bank of Montreal
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
2.3. Regulatory landscape
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the recent trends in the Canadian banking industry?
7.5. What are the recent developments in the industry?
8 COMPANY PROFILES
8.1. Royal Bank of Canada
8.2. The Bank of Nova Scotia
8.3. Canadian Imperial Bank of Commerce
8.4. Bank of Montreal
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Canada banking industry value: $ billion, 2020-25
Table 2: Canada banking industry category segmentation: % share, by value, 2020-25
Table 3: Canada banking industry category segmentation: $ billion, 2020-25
Table 4: Canada banking industry geography segmentation: $ billion, 2025
Table 5: Canada banking industry value forecast: $ billion, 2025-30
Table 6: Canada banking industry share: % share, by value, 2025
Table 7: Royal Bank of Canada: Key Facts
Table 8: Royal Bank of Canada: Annual Financial Ratios
Table 9: Royal Bank of Canada: Key Employees
Table 10: Royal Bank of Canada: Key Employees Continued
Table 11: The Bank of Nova Scotia: Key Facts
Table 12: The Bank of Nova Scotia: Annual Financial Ratios
Table 13: The Bank of Nova Scotia: Key Employees
Table 14: Canadian Imperial Bank of Commerce: Key Facts
Table 15: Canadian Imperial Bank of Commerce: Annual Financial Ratios
Table 16: Canadian Imperial Bank of Commerce: Key Employees
Table 17: Bank of Montreal: Key Facts
Table 18: Bank of Montreal: Annual Financial Ratios
Table 19: Bank of Montreal: Key Employees
Table 20: Bank of Montreal: Key Employees Continued
Table 21: Canada Size of Population (Million), 2021-25
Table 22: Canada Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 23: Canada GDP (Current Prices, $ Billion), 2021-25
Table 24: Canada Inflation, 2021-25
Table 25: Canada Consumer Price Index (Absolute), 2021-25
Table 26: Canada Exchange Rate, 2020-25
Table 1: Canada banking industry value: $ billion, 2020-25
Table 2: Canada banking industry category segmentation: % share, by value, 2020-25
Table 3: Canada banking industry category segmentation: $ billion, 2020-25
Table 4: Canada banking industry geography segmentation: $ billion, 2025
Table 5: Canada banking industry value forecast: $ billion, 2025-30
Table 6: Canada banking industry share: % share, by value, 2025
Table 7: Royal Bank of Canada: Key Facts
Table 8: Royal Bank of Canada: Annual Financial Ratios
Table 9: Royal Bank of Canada: Key Employees
Table 10: Royal Bank of Canada: Key Employees Continued
Table 11: The Bank of Nova Scotia: Key Facts
Table 12: The Bank of Nova Scotia: Annual Financial Ratios
Table 13: The Bank of Nova Scotia: Key Employees
Table 14: Canadian Imperial Bank of Commerce: Key Facts
Table 15: Canadian Imperial Bank of Commerce: Annual Financial Ratios
Table 16: Canadian Imperial Bank of Commerce: Key Employees
Table 17: Bank of Montreal: Key Facts
Table 18: Bank of Montreal: Annual Financial Ratios
Table 19: Bank of Montreal: Key Employees
Table 20: Bank of Montreal: Key Employees Continued
Table 21: Canada Size of Population (Million), 2021-25
Table 22: Canada Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 23: Canada GDP (Current Prices, $ Billion), 2021-25
Table 24: Canada Inflation, 2021-25
Table 25: Canada Consumer Price Index (Absolute), 2021-25
Table 26: Canada Exchange Rate, 2020-25
LIST OF FIGURES
Figure 1: Canada banking industry value: $ billion, 2020-25
Figure 2: Canada banking industry category segmentation: $ billion, 2020-25
Figure 3: Canada banking industry geography segmentation: % share, by value, 2025
Figure 4: Canada banking industry value forecast: $ billion, 2025-30
Figure 5: Forces driving competition in the banking industry in Canada, 2025
Figure 6: Drivers of buyer power in the banking industry in Canada, 2025
Figure 7: Drivers of supplier power in the banking industry in Canada, 2025
Figure 8: Factors influencing the likelihood of new entrants in the banking industry in Canada, 2025
Figure 9: Factors influencing the threat of substitutes in the banking industry in Canada, 2025
Figure 10: Drivers of degree of rivalry in the banking industry in Canada, 2025
Figure 11: Canada banking industry share: % share, by value, 2025
Figure 1: Canada banking industry value: $ billion, 2020-25
Figure 2: Canada banking industry category segmentation: $ billion, 2020-25
Figure 3: Canada banking industry geography segmentation: % share, by value, 2025
Figure 4: Canada banking industry value forecast: $ billion, 2025-30
Figure 5: Forces driving competition in the banking industry in Canada, 2025
Figure 6: Drivers of buyer power in the banking industry in Canada, 2025
Figure 7: Drivers of supplier power in the banking industry in Canada, 2025
Figure 8: Factors influencing the likelihood of new entrants in the banking industry in Canada, 2025
Figure 9: Factors influencing the threat of substitutes in the banking industry in Canada, 2025
Figure 10: Drivers of degree of rivalry in the banking industry in Canada, 2025
Figure 11: Canada banking industry share: % share, by value, 2025
