Ranking of the 10 Best Banks in Canada in 2024

  1. Royal Bank of Canada (RBC)

    Score: 9.5/10

    RBC continues to dominate the Canadian market with diversified services and a strong reputation.

  2. Toronto-Dominion Bank (TD)

    Score: 9.3/10

    TD is known for its excellent customer service and innovative products.

  3. Bank of Nova Scotia (Scotiabank)

    Score: 9.0/10

    Scotiabank stands out for its strong international presence and financial stability.

  4. Bank of Montreal (BMO)

    Score: 8.8/10

    BMO is appreciated for its services to small businesses and its Community commitment.

  5. CIBC

    Score: 8.7/10

    CIBC offers a wide range of financial services and excellent customer support.

  6. National Bank of Canada

    Score: 8.5/10

    The National Bank is known for its personalized service, especially in Quebec.

  7. HSBC Canada

    Score: 8.2/10

    HSBC stands out for its international banking services and expertise in global commerce.

  8. Laurentian Bank of Canada

    Score: 8.0/10

    Laurentian Bank focuses on the Quebec market with competitive products.

  9. Desjardins

    Score: 7.5/10

    Desjardins has recently been affected by fraud incidents, which has affected its reputation.

  10. Canadian Western Bank

    Score: 7.0/10

    CWB specializes in banking services for businesses in Western Canada.