Analysis of information sources in references of the Wikipedia article "Big Five banks of Canada" in English language version.
Canada's five largest banks and 80% of the foreign banks in Canada are headquartered in Toronto, as well as five Canadian pension plans and Canada's top insurers, which are responsible for 90% of the national industry's assets.
Toronto is home to 40 per cent of the nation's business headquarters... many of the corporate global players are headquartered there: three of the world's 25 largest banks and all of Canada's five largest.
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