List of banks and credit unions in Canada

This term has been used for many years to characterize these major banks, and it highlights their substantial market share and impact on Canada's economy.

The financial sector of Canada is especially concentrated in these banks, which has been seen as a result of protectionist policies of the government and the country's small and dispersed population.

D-SIBs are so important to the functioning of the financial system and the economy that they cannot be wound up under a conventional bankruptcy and liquidation process should they fail.

The Basel Committee has developed a formula for determining which banks are G-SIBs, deploying criteria including size, interconnectedness and complexity.

[21] Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions).

[46][47][48] Canada has the world's highest per capita membership in the credit union movement, with over 10 million members, or about one-third of the Canadian population.

As of 31 December 2022, the 208 credit unions and caisses populaires outside Quebec reported combined assets of $308.9 billion:[49] Most credit unions in Quebec (and some outside the province) are part of a network which operates as the Desjardins Group.

Desjardins Group owns and operates a range of subsidiaries, including a securities brokerage, a venture capital firm, and a bank based in Florida.