Who Royal Bank of Canada buys from and sells to
Canada's largest bank: retail deposits and mortgages, wealth, capital markets, and City National in the US.
Sells to 2
- Canadian householdsdeposits and residential mortgages
- Canadian corporationslending and capital markets
Where the chain could break
- Large Canadian mortgage book exposed to house prices and renewals at higher rates
- US tariffs on Canadian exports hit its commercial borrowers
- HSBC Canada acquisition added more domestic concentration
Competes with
- TD BankTDCanadian retail banking
- BMOBMOCanadian and US commercial banking
- ScotiabankBNSCanadian retail banking
- CIBCCMCanadian retail and mortgages
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.