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Top 5 Banks in Canada 2024! ??Canada's Big Six Banks ; BNS-T � Bank of Nova Scotia. ; TD-T � Toronto-Dominion Bank. ; RY-T � Royal Bank of Canada. ; NA-T � National Bank of Canada. Below is our analysis of each of Canada's three biggest banks, which are the Royal Bank of Canada, the Toronto-Dominion Bank, and the Bank of Nova Scotia. Top 10 banks in Canada � 1. Royal Bank of Canada (RBC) � 2. Toronto-Dominion Bank (TD) � 3. Bank of Nova Scotia (Scotiabank) � 4. Bank of.