
Canada has a strong and competitive banking sector comprised of both domestic and foreign banks. There are 16 U.S. based bank subsidiaries and branches with around C$113 billion in assets currently operating in Canada. These banks specialize in a range of financial services, including corporate and commercial lending, treasury services, credit card products, investment banking and mortgage financing. They serve not only customers with cross-border business activities, but also Canada’s domestic retail market. U.S. banks now make up half of all foreign bank assets in Canada.




