April 2011 Archives

Which Bank Do I Choose?

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By Julie PhaneufThumbnail image for Screen shot 2011-04-02 at 8.46.28 PM.pngIn Canada, the Royal Bank of Canada (RBC), the Toronto-Dominion Canada Trust (TD), the Scotia bank, the bank of Montreal (BMO) and the Canadian Imperial Bank of Commerce (CIBC) dominate the region. The banks compete against each other to obtain the greatest volume of managed funds in order to gain the first position in the top five banks, using every marketing strategy available. RBC and TD are two ferocious competitors currently ranking first (RBC) and second (TD) in the top five. However, because their focus is on the quality of their products and offers, the Royal bank will certainly remain in the first position.


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