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Banking in Canada is widely considered one of the safest banking systems in the world, ranking as the world's soundest banking system for the past six years according to reports 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.
Canada’s banks, also called chartered banks, have over 8,000 branches and almost 18,000 automated banking machines (ABMs) across the country.
In addition, "Canada has the highest number of ABMs per capita in the world and benefits from the highest penetration levels of electronic channels such as debit cards, Internet banking and telephone banking".
TOP 5 Best Banks in Canada:
CIBC- Canadian Imperial Bank of Commerce
Scotiabank- Bank of Nova Scotia
TD bank- Toronto Dominion Bank