The Canadian Bankers Association published an overview of U.S. bank subsidiaries and branches operating in Canada, reporting that 15 institutions hold about CAD 124.6 billion in assets and account for half of all foreign bank assets in the country. These banks provide services including corporate and commercial lending, treasury services, credit cards, investment banking and mortgage financing. They serve customers with cross-border activities as well as Canada’s domestic retail market.
2026-09-03Canadian Bankers Association
Canadian Bankers Association publishes overview of U.S. banks operating in Canada
The Canadian Bankers Association reports that 15 U.S. bank subsidiaries and branches operate in Canada with about CAD 124.6 billion in assets. U.S. banks account for half of all foreign bank assets in the country and serve both cross-border and domestic customers.