Zana Photography

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Toronto Banks at lunch

You're richer than you think

Toronto - 24. October, 2008

It's a historic moment that we'll tell our grandchildren about - in the same way our grandfathers and great grandfathers used to talk about the 1929 Wall Street crash, 79 years ago.

In the 1970s, Toronto experienced major economic growth and surpassed Montreal
to become the largest city in Canada. Many international and domestic businesses relocated to Toronto and created massive new skyscrapers in Downtown. All of the
Big Five banks constructed skyscrapers beginning in the late 1960s up until the early 1990s. Big Five is the name given to the five biggest banks that dominate the banking industry in Canada. All five banks are operationally headquartered in Toronto.

Scotia Bank, RBC, CIBC, TD and BMO

The Big Five banks, listed in order of market capitalization on the TSX (largest to smallest, as of July 2008) with their current corporate brand names and total deposit liabilities (as of 2007 Annual Reports), are:

Royal Bank of Canada - RBC