As growth in Canada slows and domestic markets saturate, Canada’s largest banks are looking abroad and not all are equally prepared. In CFRA’s latest thematic research, “Canadian Banks: Northern Giants, Global Dreams,” equity analyst Alexander Yokum breaks down which banks are positioned to win from international expansion and which may stumble.
From RY’s capital markets strength and U.S. turnaround to NA’s booming Cambodian operations and CM’s push to diversify beyond housing, this report uncovers hidden growth drivers and looming risks across geographies. Meanwhile, TD’s regulatory constraints, BNS’s emerging market credit risk, and BMO’s U.S. integration struggles are red flags investors shouldn’t ignore.
Inside this report:
- Why international expansion is critical as Canadian domestic growth stalls
- Which banks—like RY, CM, and NA—are positioned to benefit from global diversification
- What risks TD, BNS, and BMO face from regulation, acquisition missteps, and emerging market exposure
- How macroeconomic trends in Canada are fueling the global shift
- What investors should watch across key geographies including the U.S., Cambodia, and Latin America
- Bank-by-bank analysis on capital markets strength, asset allocation, and regional performance
Download the full report to uncover which Canadian banks are best positioned for long-term outperformance—and which may face turbulence as the global push intensifies.