What is the name of the largest bank in Canada by market capitalization?

The largest bank in Canada by market capitalization is the Royal Bank of Canada (RBC). Market capitalization is the total value of a public company’s outstanding shares, so this ranking reflects investors’ valuation rather than deposits, assets, branch count, or annual revenue.

RBC traces its roots to the Merchants’ Bank of Halifax, founded in 1864. It adopted the name Royal Bank of Canada in 1901 and expanded from a regional institution into a national and international financial group. Its businesses now include personal and commercial banking, wealth management, capital markets, and insurance.

RBC is one of Canada’s “Big Five” banks, alongside Toronto-Dominion Bank, Bank of Montreal, Scotiabank, and Canadian Imperial Bank of Commerce. Toronto-Dominion is a frequent source of confusion because it is also enormous and has a major U.S. presence; rankings can change with share prices, exchange rates, and the measurement date.

Market capitalization is therefore time-sensitive in practice, but RBC is the canonical answer for this standard Canadian banking fact.