 | Toronto ranks third in film and television production in North America, and is the second-largest exporter of television programming. | |
| Ontario is where the anti-gravity suit was invented and the Canadarm created. | |
|
|
Financial Infrastructure
Canada has a well-developed financial system with a variety of institutions providing a complete range of financial services. Toronto is an international financial centre and the centre of Canada's capital and money markets.
Firms raising short-term funds through loans, trade credit, commercial and financial paper, acceptances or factoring, and companies seeking long-term funds through open market borrowing, new securities issues, loans, or sales financing and leaseback arrangements will find in Toronto all the financial expertise, institutions and capital markets to meet their needs.
|
|
Banks, Trust Companies and Other Financial Institutions
|
Canada has a stable and highly advanced financial system that is among the soundest in the world. The branch banking system is a key distinguishing feature of banking in Canada. Because Canada's chartered banks are allowed to diversify by operating in all provinces, they are good sized institutions on an international scale.
|
Highlights of the banking sector:
- The banking industry includes 22 domestic banks, 24 foreign bank subsidiaries* and 20 foreign bank branches** operating in Canada. In total, these institutions manage almost $2.5 trillion in assets. Most of the banks that operate in Canada have their Canadian head offices in Toronto.
- There are six major domestic chartered banks (Schedule I) in Canada which account for over ninety per cent of Canada's total banking assets. They are the RBC Financial Group, Scotiabank, Canadian Imperial Bank of Commerce (CIBC), the TD Bank Financial Group, the BMO Financial Group, and the National Bank of Canada.
- Canada's banks operate through an extensive national network that includes over 8,000 branches and over 16,000 automated banking machines (ABMs) across the country. Canadians continue to use a combination of banking services from bricks-and-mortar retail operations to virtual banks, which include in-branch services, ABMs, phone-based and web-based banking.
|
|
| NOTES: |
| * |
Foreign bank subsidiaries are regulated under the Bank Act and are authorized to accept deposits, which may be eligible for deposit insurance provided by the Canada Deposit Insurance Corporation. |
| ** |
Foreign bank branches are foreign institutions that have been authorized under the Bank Act to do banking business in Canada. These branches may not accept deposits of less than $150,000. |
|
|
|
The Toronto Stock Exchange and the TSX Venture Exchange
The TSX Group is the seventh largest stock exchange in the world, the third largest in North America, and a global leader in mining and natural resource financing.
TSX Group operates Canada’s two main national stock exchanges, Toronto Stock Exchange, serving the senior equity market, and TSX Venture Exchange, serving the public venture equity market. More mining, oil and gas companies are listed on the Toronto Stock Exchange and the TSX Venture Exchange than on any other exchange in the world. Toronto Stock Exchange is also the second largest life sciences market in the world. The TSX Group had a total market capitalization of $2.06 trillion at December 31, 2006.
|
|
|
The Regulation of Financial Institutions
|
|
-
-
-
-
-
-
-
-
-
|
