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About the Banking Sector

A Blueprint for Canadians’ Prosperity and a Thriving Economy

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A Blueprint for Canadians’ Prosperity and a Thriving Economy
Recent Submissions and Remarks
Featured News
Featured
Read the latest statistics on mortgages in arrears in Canada
Number of residential mortgages in arrears as of September 2024
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August 19, 2024
Nominations now being accepted for the 2024 Canadian Banks’ Law Enforcement Awards
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August 12, 2024
Winners, including police officers, awarded the Canadian Banks’ Law Enforcement Award for fighting financial crimes and protecting citizens
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June 12, 2024
Use of Digital Banking has Become Habitual Post-pandemic: CBA Survey
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Learning About Banking
Banking in Canada

Canadian households and businesses benefit from a thriving and highly competitive financial sector, offering access to a wide range of affordable services provided by over 80 banks of varying sizes and business models.

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ABOUT CBA

The CBA serves as the voice of more than 60 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their over 280,000 employees.


One of Canada’s oldest business associations, the ÒõAPPµ¼º½ was founded in Montreal on December 17, 1891 and subsequently incorporated by a special Act of Parliament in 1900. The CBA provides its members with information, research and operational support, and contributes to the development of public policy on issues that affect financial institutions. The Association is continually involved in financial data collection and analysis, consumer protection efforts, fighting bank fraud, and developing industry consensus on issues impacting banks in Canada.

The CBA provides governments and others with a centralized contact to all banks on matters relating to banking in Canada. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals.

The Association promotes financial literacy to help Canadians make informed financial decisions and sponsors two financial literacy seminar programs: Your Money Students and Your Money Seniors.

The Association also works with banks and law enforcement to help protect customers against financial crime and promote anti-scam awareness.

Canada’s banking sector plays a pivotal role in the country’s economic growth and well-being. Banks are not just financial institutions; they are key drivers of progress, among the largest taxpayers, progressive employers, and steadfast supporters of Canadian businesses -- large and small.

From urban centres to the heart of rural communities, Canada’s banks support long-term economic growth, helping Canadians achieve their goals and ambitions. With a significant impact on the economy, contributing 3.6% to Canada’s GDP - approximately $70 billion - and supporting over 280,000 Canadian jobs, banks play a pivotal role in ensuring shared prosperity across the country. At the heart of our mission is the belief that strong banks build a stronger Canada. By advocating for sound policies and championing the values that underpin our economy, we help secure a vibrant, inclusive, and sustainable future for all Canadians.
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FINANCIAL FRAUD PREVENTION TIPS

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Featured Toolkits
Your Money Series

YOUR MONEY: STUDENTS

A Financial Literacy Resource for Students, Teachers, and parents

Your Money Students was created to bring financial literacy to life in homes and classrooms across Canada.

 

YOUR MONEY: SENIORS

A Free Financial Education Seminar Program for Canadian Seniors

Meeting the needs of seniors has always been a priority for banks in Canada and advancing financial literary is an important part of the CBA’s overall mandate.

Your Money Program

Financial literacy is a life skill

The Your Money program was created to bring financial literacy to Canadians across the country

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