Canada has a well-developed economy that supports investment banking and has made it a long-lasting business in the country. Little wonder there are some of the best investment banks in Canada.
Conversely, Canada’s finance market isn’t as broad and as diversified as the U.S, however, it’s vast reserves of natural resources support investment banking and hence makes it one of the best in the world.
Investment banks are a huge part of a company’s financial success. So, it’s important that you do proper research to ensure you get top-notch services from the best investment banks, especially in Canada.
Furthermore, there are a lot of investment banks around the world but it’s quite easy to identify the key players in the industry.
Hence, in this article, we will highlight the best investment banks in Canada.
What Is Investment Banking In Canada?
Investment banking in Canada is very different from that of the US. In fact, there’s a lot of difference in the processes of selection, market, and recruitment.
The first thing you’d notice about investment banking in Canada is that the market isn’t very broad. Investment banking is limited to just four core financial cities- Toronto, Vancouver, Calgary, and Montreal. If you want to cut in, you’d have to be a resident in either of these cities or stay near them.
Next is that the structure of investment banks in Canada permits analysts to become associates within a period of three years. This is unlike in the USA where only financial analysts with an MBA degree from top-notch schools can become associates.
Again, Investment banking in Canada causes investors to have a limited investment portfolio. In the USA investors have a diversified investment portfolio; ranging from investments in oil & gas to tech, agriculture, and lots more.
While Canada’s investments are circled around particular sections of the economy like energy, natural resources, and mining. Only two out of the core financial cities offer diversities in other areas like biotech and pharmacy.
So, it is safe to say that the Canadian investment market hasn’t been fully explored yet. Hence, let’s talk about how these investment banks work.
How Does Canada Investment Bank Work?
For most investment banks to make a profit, they maintain prime brokerage and asset management departments together with their investment research businesses.
Some even go-ahead to have retail banking divisions that loan money to consumers and businesses.
Let’s discuss in detail the various services offered by investment banks in Canada.
#1. Investment Research
Investment banks in Canada are known to constantly carry out in-depth research in the market in order to come up with profitable information that can be used to advise new clients.
They make use of quantitative market research, statistical modeling, digital footprint analysis, and data science to look for the best investment deals.
#2. Investment Products
Canada investment banks are also known to offer retail investment products. From stocks to bonds, options, and derivatives, these banks offer entry into any of the markets and provide you with the right strategies that will yield returns on your money.
#3. Bespoke Financing
Another one of the services offered by investment banks in Canada is bespoke financing. They provide a wide variety of financial solutions tailored to suit the client and provide maximum satisfaction.
#4. Mergers & Acquisitions(M&A)
One of the major services offered by investment banks in Canada is M&A. This makes investment banks a very vital partner for every business.
Because, they continuously monitor the financial market, to provide leveraging opportunities to the clients, and offer solutions that will generate the best results.
If there’s an issue with the firm’s transactions, the bank is always available to offer a stress-free service.
Having seen how investment banks work, let’s look at some of the best investment banks in Canada.
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What Are The Best Investment Banks In Canada?
Investment banks are a large part of a business. Without them, businesses can go ahead and make the wrong investment decisions.
We have seen this need and decided to bring you a compiled list of the best investment banks in Canada.
Bear in mind that all these are top-notch banks with numerous years of providing excellent financial advice. Hence, they are arranged in no particular order.
Let’s get started on the best investment banks in Canada.
- BMO Capital Markets
- Royal Bank of Canada (RBC) Capital Market
- Toronto-Dominion Bank (TD) Securities
- CIBC World Markets
- Barclays Investment Bank
- Bank of Nova Scotia (Scotiabank)
- Morgan Stanley
- Goldman Sachs
- Bank of America Merrill Lynch
- National bank of Canad
#1. BMO Capital Markets
Beginning my list of best investment banks in Canada is the BMO Capital Markets. It is the investment banking subsidiary of the Canadian Bank of Montreal.
The company offers a wide range of financial services and solutions to corporate, government, and institutional clients.
Some of the services include treasury management, market risk management, debt and equity research, merger and acquisitions advisory services (M&A), amongst many others.
In addition, the company manages US$727 billion in total assets.
Find out more about the BMO Capital markets by clicking the button below.
#2. Royal Bank of Canada (RBC) Capital Market
The RBC capital market is known as one of the leading providers of investment banking services.
A subsidiary of the Royal Bank of Canada, RBC Capital market has grown to cover 80% of the global investment bank fee pool through its diverse financial services to corporations, institutional investors, asset managers, private equity firms, and governments of the world.
Additionally, it has the most mature capital markets across North America, Europe, and the Asia Pacific region.
Get to know more about this investment bank by clicking the button below.
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#3. Toronto-Dominion Bank (TD) Securities
TD securities is the investment banking subsidiary of TD banks. It offers financial services and advisory to corporate, government, and institutional clients worldwide.
Some of the services offered by TD securities include corporate and investment banking, capital markets, global transaction services, merger and acquisitions strategic advisory services, managing corporate finance and lending, and multiple other areas of finance.
To learn more, click the button below.
#4. CIBC World Markets
CIBC World Markets is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. Being an investment bank, the firm extends its services in the domestic and international equity and debt capital markets.
Services offered by the CIBC World Markets include credit and capital market products, mergers and acquisitions, merchant banking, and other investment banking advisory services.
Over the years, CIBC World Markets has built a notable reputation in international markets. Learn more by clicking the button below.
#5. Barclays
Barclays ( formerly known as Barclays Capital) is a British multinational investment bank under Barclays.
The firm offers advisory, financing, and risk management services to large companies, institutions, and government clients.
Additionally, Barclays is known as a primary dealer in U.S. Treasury securities and various European Government bonds.
Get to know more about the Barclays Investment bank by clicking the button below.
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#6. Bank of Nova Scotia (Scotiabank)
Another one of the best investment banks in Canada is the Bank of Nova Scotia. This firm, also operating as Scotiabank is a multinational banking and financial services company.
Also known as the third-largest bank in Canada by deposits and market capitalization Scotiabank serves more than 20 million and offers a wide range of financial products and services including wealth management, investment banking, and corporate banking.
Find out more by clicking the button below.
#7. Morgan Stanley
Morgan Stanley is an American multinational financial services company with over 90 years of experience in the financial industry.
The firm is known to have dominated a lot of international markets. In fact, it is one of the best investment banks in the UK.
Morgan Stanley offers services on institutional securities, wealth management, and investment management.
To learn more about this bank, click the button below.
#8. Goldman Sachs
Another bank on the list of best investment banks in Canada is Goldman Sachs. The Goldman Sachs group is a multinational investment and financial services bank that has been in operation since 1869.
Services rendered by the Gildman Sachs banks include securities underwriting, prime brokerage, investment management, investment banking, and securities and asset management.
Goldman Sachs is also known as one of the largest investment banking enterprises by revenue worldwide.
Find out more by clicking the button below.
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#9. Bank of America Merrill Lynch
Bank of America Merril Lynch, now known as BofA Securities, is the investment banking subsidiary of the Bank of America.
The bank offers financial services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management.
Bear in mind that Bank of America Merrill is the wealth management arm of the Bank of America and should not be compared with BofA securities.
Get to know more about BofA securities by clicking the button below.
#10. National Bank of Canada (NBC)
The National Bank of Canada is the sixth-largest commercial bank in Canada. Amongst its other financial services are investment banking and mergers and acquisitions advisory services.
Regardless of the situation of your business, National bank financial markets combined with their level of expertise offer the right services that will help you make the right decision in the market.
Get to know more about investment banking at the National Bank of Canada by clicking the button below.
Conclusion
So, there you have it, the best investment banks in Canada. One of the things you should note is that investment banking in Canada is smaller as compared to the US. In fact, it is a market waiting to be explored.
Chances are, you will find investment banking easy if you work with any of the above-mentioned banks.
I hope this helps you.
Good luck!
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