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The success of your journey depends in the choices you make in business and in life.


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One that focuses on how you do business

A quick overview of Canada's 'Big Six' banks

When choosing a bank, the safety of your deposits is the single most important need for your business. Safety in a bank is measured by analyzing the four criteria that make banks successful:

  1. Age: Old banks have shown an instinct for survival
  2. Diversification: Widespread operations and number of branches are key to a bank's longevity.
  3. Size: Big banks, as measured by assets and staff size, have always outlived small banks.
  4. Credit: The highest possible short-term deposit credit rating. Having an R-1 rating from Moody's Investors Service ("typically exemplify above average strength") is proof of prudent management.
The National Post and The Globe & Mail refer to Canada's "big six" banks. Here are their rankings as of October 31, 2010:

BANKFOUNDEDDOMESTIC
BRANCHES
ASSETS
(BILLIONS)
EMPLOYEESSHORT-TERM
DEPOSIT RATING
Royal1869120972672126R-1
TDCT1855112762068725R-1
Scotia1832102452770772R-1
BMO1817123441237974R-1
CIBC1867107635229106R-1
National185944214518322R-1
Manulife1993*n/a17n/aR-1
* Manulife Bank is a wholly-owned subsidiary of the Manulife Insurance Company incorporated in 1887.



Better Banking Solutions for the Small Business Sector




 
"You establish a relationship with the National Bank and they get to know you, what your business is about and the limitations of the business model that you are in and they try their very best to work within those limitations to make it easy to do your banking."

Pamela Wilson, Associations Plus Inc.


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William J Rhind & Assocaites  Ltd, Independent Deposit Brokers, with offices in Calgary, Edmonton, and Vancouver 
Calgary: 300, 508 - 24 Avenue SW, Calgary, AB, T2S 0K4 | Phone (403) 283-1378 | Fax (403) 283-1678
Edmonton: 27 Parkwood Drive, St Albert, AB, T8N 5L5 | Phone (780) 651-3895 | Fax (780) 651-3896
Vancouver: 200, 555 Burrard Street, Vancouver, BC V7X 1M7 | Phone (604) 661-5552 | Fax (604) 661-5530
 
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