| Flag | Country | Banks | Connect-ivity % |
|---|---|---|---|
 | Alberta | 24 | 83.3% |
 | British Columbia | 32 | 90.6% |
 | Manitoba | 20 | 85.0% |
 | New Brunswick | 19 | 89.5% |
 | Newfoundland and Labrador | 12 | 83.3% |
 | Northwest Territories | 11 | 90.9% |
 | Nova Scotia | 15 | 93.3% |
 | Nunavut | 13 | 92.3% |
 | Ontario | 62 | 91.9% |
 | Prince Edward Island | 8 | 100.0% |
 | Quebec | 30 | 100.0% |
 | Saskatchewan | 12 | 100.0% |
 | Yukon | 7 | 100.0% |
Banks in Canada
The Canadian banking system is distributed across its provinces and territories, with a significant concentration in the country’s economic and political hubs. While major national banks operate across all regions, the number of individual bank branches and regional institutions varies significantly by population and financial activity.
SWIFT-to-Bank Ratio in Canada
When browsing our banking directories, you will notice that the number of SWIFT codes is often lower than the total number of banks. This is known as the SWIFT-to-bank ratio, and it provides insight into a Canada’s financial infrastructure.
Countries with most banks
Exchange Rate CAD: Tue, 28 Jul.
✓ Verified: This entry was personally compiled and reviewed by Milan Ignjatovic using primary sources.
Founder & Sole Curator, Bankinfobook | Master Manager of ICT · Graduated Economist
Last Data Review: May 16, 2026