DCHP-3

Big Six

DCHP-2 (Oct 2016)
n. — often used attributively, e.g. Big Six banks, Big Six chartered banks, Finance

the six leading banks in Canada.

Type: 4. Culturally Significant — The Big Six banks in Canada are Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada.
See also COD-2, which labels the term "Cdn".
The term Big Five, the Big Six minus the smallest of the big banks (National Bank of Canada), is also in use.

Quotations

1981
Among its most publicized holdings are a 23 per cent interest in Domtar Inc., the Montreal-based pulp and paper giant; a 22 per cent share of Provigo Inc., the Quebec based food chain now moving across the country; and 2 to 10 per cent of the big six chartered banks.
1982
Try now to imagine would would happen to everyone's nerves if Inco, the nickel mining giant went down. Or MacMillan-Bloedel, the forestry giant. Or Noranda, the mining and forestry giant. Or Hudson's Bay, the national department store chain. Or the National Bank, the smallest of the "Big Six," but still large.
1984
A study by Fred Ma of Dominion Securities Pitfield Ltd. of Toronto, took a worst case - if the big six banks cut rates five percentage points on their Latin American exposure - and showed it to be manageable.
1989
At the end of fiscal 1989, the Big Six had permanent capital equal to 4.83 per cent of their risk assets. That level is comfortably in excess of the international standards set by the Bank for International Settlements.
1999
No representatives of the big six banks -- Royal, Montreal, Commerce, Scotiabank, Toronto-Dominion, or National -- were talking after the session at [Paul Martin]'s office.
2007
On Tuesday, the CEOs at Canada's Big Six banks said they would keep supporting ABCP as it continues to " perform satisfactorily."
2008
TD is the only one of Canada's big six banks with no writedowns linked to the subprime market. Ed Clark, TD's chief executive, has trumpeted this fact.
2013
Tuesday's decision by regulators to designate all of Canada's Bix Six banks as "domestic systematically important banks" represents something of a Canadian compromise.

References

  • COD-2