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Commercial Banking in Canada Industry Data and Analysis
The high interest rate environment experienced over the five years to 2025, along with overall economic growth, has benefitted the Commercial Banking industry in Canada. Banks have done an exceptional job diversifying revenue streams, due to higher interest rates and despite increasing regulations. The industry primarily generates revenue through interest income sources, such as business loans and mortgages, but it also generates income through noninterest sources, which include fees on a variety of services and commissions. Industry revenue has been growing at a CAGR of 13.9% to $490.3 billion over the past five years, with an expected decrease of 0.3% in 2025 alone. In addition, profit, measured as earnings before interest and taxes, has climbed over the past five years and will comprise 31.1% of revenue in the current year.
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What's included in this industry analysis
IBISWorld's research coverage on the Commercial Banking industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released August 2025.
About this industry
What's this industry report about?
The Commercial Banking industry in Canada operates under the NAICS industry code 52211CA. Operators in the Commercial Banking industry in Canada provide financial services to retail and business clients in the form of commercial, industrial and consumer loans. Banks also accept deposits from customers, which are used as a source of funding for the loans. Banks in this industry include those that are regulated by the Office of the Superintendent of Financial Institutions. Related terms covered in the Commercial Banking industry in Canada include allowances for loan losses, loan default and big six.
What's included in this industry?
Products and services covered in Commercial Banking industry in Canada include Mortgage loans, Consumer loans and Business loans.
What companies are included in this industry?
Companies covered in the Commercial Banking industry in Canada include Toronto-Dominion Bank, Royal Bank of Canada and Scotiabank.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Commercial Banking industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Commercial Banking industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Commercial Banking industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Commercial Banking industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Commercial Banking industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Commercial Banking industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Commercial Banking industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Commercial Banking industry in Canada.
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Frequently Asked Questions
What is the market size of the Commercial Banking industry in Canada in 2026?
The market size of the Commercial Banking industry in Canada is $490.3bn in 2026.
How many businesses are there in the Commercial Banking industry in Canada in 2025?
There are 84 businesses in the Commercial Banking industry in Canada, which has grown at a CAGR of 0.2 % between 2020 and 2025.
How may import tariffs affect the Commercial Banking industry in Canada?
The Commercial Banking industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Commercial Banking industry in Canada?
The Commercial Banking industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Commercial Banking industry in Canada grown or declined over the past 5 years?
The market size of the Commercial Banking industry in Canada has been growing at a CAGR of 13.9 % between 2020 and 2025.
What is the forecast growth of the Commercial Banking industry in Canada over the next 5 years?
Over the next five years, the Commercial Banking industry in Canada is expected to grow.
What are the biggest companies in the Commercial Banking industry in Canada?
The biggest companies operating in the Commercial Banking industry in Canada are Toronto-Dominion Bank, Royal Bank of Canada and Scotiabank
What does the Commercial Banking industry in Canada include?
Providing home equity loans and lines of credit and Providing automobile loans are part of the Commercial Banking industry in Canada.
Which companies have the highest market share in the Commercial Banking industry in Canada?
The company holding the most market share in the Commercial Banking industry in Canada is Toronto-Dominion Bank.
How competitive is the Commercial Banking industry in Canada?
The level of competition is high and increasing in the Commercial Banking industry in Canada.
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