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National Bank of Canada
Work Here?
Offers personal and commercial banking services
National Bank of Canada
Work Here?
Offers personal and commercial banking services
Overview
National Bank of Canada provides a broad range of banking services for individuals, businesses, and institutions, including personal and commercial banking, wealth management, and financial planning. It generates revenue from interest on loans and mortgages, banking service fees, and commissions from investment products. The bank differentiates itself through its strong presence in Quebec, a customer-centric, relationship-based approach, and its focus on accessibility and diversity. Its goal is to help clients achieve financial well-being while expanding its presence and impact across its markets.
About National Bank of Canada
Industries
Financial Services
Company Size
N/A
Company Stage
IPO
Headquarters
Canada
Founded
1859
Simplify's Take
What believers are saying
- Q3 2026 net income reached $1.307 billion, up 23%, beating expectations.
- Wealth management and capital markets grew sharply in August 2026, lifting fee income.
- National Bank targets $300 million expense synergies and $200-$250 million revenue synergies from CWB.
What critics are saying
- CWB AIRB conversion slipped to late 2027, delaying capital relief and integration benefits.
- A 13.5% CET1 ratio and $2.25 billion buyback leave less shock absorption.
- Quebec class-action and CRA dividend-rental litigation from 2019 and 2023 remain unresolved.
What makes National Bank of Canada unique
- National Bank completed CWB integration by April 2026, accelerating national scale.
- Laurent Ferreira hired General Rick Hillier on August 10, 2026 for defense banking.
- National Bank joined six-bank tokenized CAD deposits exploration on September 22, 2026.
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Funding
Total Funding
$2.1B
Above
Industry Average
Funded Over
0 Rounds
Benefits
Flexible Work Hours
Hybrid Work Options
Training Programs
Stock Price
Company News
Canada's six biggest banks team up on a shared digital-dollar network. RBC, TD, BMO, Scotiabank, CIBC and National Bank are jointly exploring a Canadian-dollar tokenized deposit system, starting with transfers between the banks themselves. Sep 23, 2026 In brief. * RBC, TD, BMO, Scotiabank, CIBC, and National Bank announced Tuesday a joint plan for shared Canadian-dollar tokenized deposit infrastructure, starting with transfers between the banks themselves. * The project is separate from the Bank of Canada's shelved digital-dollar consultation, where 85% of nearly 90,000 respondents said they would not use a hypothetical digital Canadian dollar. * Scotiabank and TD are also among 21 banks building a joint U.S. dollar stablecoin, while BMO already runs a tokenized cash platform with CME Group and Google Cloud. Canada's six biggest banks just agreed to build shared plumbing for digital money. RBC, TD, BMO, Scotiabank, CIBC and National Bank announced Tuesday they're jointly exploring a Canadian-dollar tokenized deposit system. The first phase focuses on moving deposits between the banks themselves, not into consumer wallets. A tokenized deposit is a regular bank deposit represented as a digital token on a shared ledger - same money, same bank, same rules, just using a different network. It is not a new cryptocurrency, and it is not a CBDC either. The banks want the system "competitive and secure," as they put it in their joint statement, while keeping the safeguards that already govern commercial bank money. They also want the door open for other Canadian deposit-taking institutions to eventually join. Moving money between banks in Canada today is quite slow to clear outside a basic e-transfer. A shared token system would, in theory, let banks settle those transfers instantly and around the clock, with payments that can be programmed to trigger automatically - like releasing funds the moment a shipment clears customs. Customers likely wouldn't see any of this directly. It would just run in the background, the same way nobody thinks about the wiring behind an ACH transfer today. This is a different project from Canada's actual digital-dollar debate. The Bank of Canada ran a public consultation on a possible digital Canadian dollar in 2023 that drew almost 90,000 responses. Eighty-five percent of respondents said they would not use a hypothetical digital Canadian dollar, and many placed a high value on privacy and continued access to cash. Bitcoin BTC · USD $84,498 +11% Sep 16 Sep 18 Sep 20 Sep 22 Sep 23 $87.2k $83.3k $79.5k $75.7k 24h High $87,251 24h Low $83,654 Market projections Odds by Myriad Buy Bitcoin with USDT Powered by Jupiter Canada has tried digital cash before and shelved it. The Royal Canadian Mint sold off its MintChip digital-cash pilot in 2016, and the app built on it shut down for good in 2018. In the United States, JPMorgan, Citi, Bank of America, and Wells Fargo are building a rival tokenized deposit network through The Clearing House - the bank-owned real-time payments operator - targeting a first-half 2027 launch, largely to keep stablecoins from siphoning off deposits. Thirty-nine U.S. state banking associations have their own version too, the BankChain Alliance, aimed at community and regional lenders. Canada's Scotiabank and TD are named among the 21 banks backing a separate joint U.S. dollar stablecoin, also targeting the first half of 2027 - meaning the same institutions are betting on tokenized deposits and stablecoins at once. Another bank, BMO went live this year as the first bank on CME Group's tokenized cash platform on Google Cloud, letting institutional clients move U.S. dollars around the clock for margin and collateral. The six Canadian banks haven't set a launch date. The first phase stays limited to transfers between the participating institutions, with opening the system to other deposit-taking players still just a stated goal, not a commitment. Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Six Canadian banks explore tokenized CAD deposits. Six major Canadian banks pilot tokenized deposits for interbank digital transfers. September 22, 2026 * Canada's six largest banks jointly explore tokenized Canadian dollar deposits to enable digital bank deposit movement between institutions. * The first phase focuses on transferring tokenized deposits among Canadian financial institutions, with potential expansion to other digital asset systems. * OSFI clarified tokenized deposits are not legally distinct from traditional deposits, providing regulatory clarity for the project. * Canada's Stablecoin Act, enacted in March, establishes a federal framework for fiat-backed stablecoins issued by non-financial institutions, effective in 2027. Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Bank Group jointly announced a system for tokenized Canadian dollar deposits that would allow digital representations of bank deposits to move between financial institutions, according to a joint announcement on Tuesday. - Advertisement - Discover more Currencies & Foreign Exchange Financial Markets News Merchant Services & Payment Systems The initiative comes less than two weeks after Canada's banking regulator provided additional clarity on the legal permissibility of tokenized deposits. On Sept. 10, the Office of the Superintendent of Financial Institutions said tokenized deposits are "not legally distinct from traditional deposits," adding that the underlying technology of a financial product does not determine its legal nature. Tokenized deposits represent money held at a regulated bank and remain a liability of that bank, unlike fiat-backed stablecoins, which are separate digital assets backed by reserves held by their issuer. The banks said the system aims to support faster and programmable payments, with longer-term plans to open the initiative to other deposit-taking institutions. Concurrently, Canada is building out a broader regulatory framework for digital money. In March, Canada enacted its Stablecoin Act as part of Bill C-15, establishing a federal framework for fiat-backed stablecoins. Non-financial institution issuers must register with the Bank of Canada, maintain 1:1 reserves in high-quality liquid assets, and offer redemption at par, with the framework expected to take effect in 2027. - Advertisement - Stay in the loop. Join 1.2K Smart Traders News September 23, 2026 OpenAI launched GPT-6 Sol at $2 per million input tokens and $10 per million... News September 22, 2026 A trading bot repeatedly buying and selling $1 contracts on Kalshi's Zohran Mamdani prediction... News September 22, 2026 A critical unauthenticated remote code execution vulnerability (CVE-2026-90898, CVSS 9.8) affects all versions of... News September 22, 2026 Binance invested $100 million in Circle, the issuer of the USDC stablecoinBoth companies expanded... News September 22, 2026 Here is the HTML code for the cryptocurrency news article, formatted as requested... Guides December 17, 2021 Ever since Facebook renamed their company to Meta, as well as their plans to build a metaverse where Bitnewsbot can travel into using Virtual...
Big banks exploring Canadian dollar-based digital money with tokenized deposits. Daniel Johnson TORONTO - Canada's big banks are exploring the development of Canadian dollar-based digital money, starting with a tokenized deposits initiative. Tokenized deposits are traditional bank deposits recorded on a decentralized database or distributed ledger, such as a blockchain. The plan seeks to deliver faster, more efficient and programmable payments to Canadian customers while preserving safety, stability and effective regulatory oversight. It means Canadian dollars could be converted into tokens on blockchain for easier transfers, said Claire Célérier, Canada Research Chair in household finance at the University of Toronto's Rotman School of Management. "My understanding is that the six banks will share the same blockchain, and so it implies that transactions can be made instantaneously across wallets with tokens," she said. Bank of Montreal, CIBC, National Bank, Royal Bank, Scotiabank and TD Bank are taking a collaborative approach to the project. The tokens would be issued by commercial banks and from a legal perspective, depositors can treat them the same as traditional bank deposits. The banks say the first phase aims to move tokenized deposits between Canadian financial institutions. "It's really exploratory now. I think what they're saying is that they're willing to work together to develop the technology," Célérier said. She said the potential capabilities would be of particular benefit to large companies or institutional investors, allowing them to complete "more sophisticated transactions." "What I expect is that these tokenized dollars will be mostly used by large companies and so on who have accounts across these Canadian banks, and it will be used to move large amounts of money," she said. Cristian Bravo, professor and Canada Research Chair in banking and insurance analytics at Western University, said the potential change could allow large producers to settle accounts far faster than their typical 30-day window. "If you have an instant settlement, you're closing that gap and closing that inefficiency in the market. And the fact that you have the money when you fulfil the contract, that can help reduce dependency on working capital and mobilize that capital faster," he said. But Bravo said that due to the lack of historical examples, it is not clear how much of an effect the move could have on the bottom lines of companies or institutional investors that use it. Bravo said it is also notable that digital money is not the same as cryptocurrency, but rather a "digital ledger to move deposits in a very quick, instant way."
Laurent Ferreira to speak at the Scotiabank Financials Summit. Sep 02, 2026, 10:00 ET MONTREAL, Sept. 2, 2026 /CNW/ - Laurent Ferreira, President and Chief Executive Officer of National Bank of Canada (TSX: NA), is scheduled to speak at the Scotiabank Financials Summit on September 9, 2026, from 12:45 p.m. to 1:15 p.m. (EDT). The webcast link is accessible on National Bank's website at https://www.nbc.ca/about-us/investors.html. About National Bank of Canada With $635 billion in assets as at July 31, 2026, National Bank of Canada is one of Canada's six systemically important banks. The Bank has approximately 37,000 employees in knowledge-intensive positions and operates three business segments in Canada: Personal and Commercial Banking, Wealth Management and Capital Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media. SOURCE National Bank of Canada Information: Louis-Charles Denault, Analyst, Investor Relations, National Bank of Canada, [email protected]; Alexandre Guay, Chief Advisor, Public Affairs, National Bank of Canada, [email protected]
Moving day: August 2026 industry hires and promotions. For your information, reference, and networking needs, here are the moves, hires, and promotions the real estate and development industry saw in August 2026. September 01, 2026 Storeys know you like to know what's up. For your information, reference, and networking needs, here are the moves, hires, and promotions the real estate and development sector saw in August 2026: John Wallace has been promoted to Senior VP of Brokerage Services at CBRE. Marie Gillespie has been promoted to Regional Property Manager at Cushman & Wakefield. David Gu has joined GWL Realty Advisors as an Analyst of Asset Management. Leanna Denny has joined Wesgroup Properties as Marketing Manager. Chad Boorman has joined PC Urban team as Chief Financial Officer. Larina La Madrid has joined Hopewell Real Estate Services as a Manager of National Portfolio Management. Clare Eow has been promoted to Associate of Special Loans and Restructuring at EQ Bank. Kasper Hemmingsen has been promoted to VP of Asset Management at Canadian Urban Limited. Giordana Sita has joined Tricap Properties as Development Manager. Julia Piccolo has joined Colliers as a Senior Communications and PR Specialist, and Taylor Shukalak has been promoted to Senior Associate of Investment Sales. Hossein Abbasi has joined CMHC as Enterprise Vulnerability Management Specialist. Emelia Cheese has joined Toronto Community Housing as Manager of Development Finance. Evan Siddall has been appointed inaugural Chair of the Board of Directors of Build Canada Homes. James Cox has joined Build Canada Homes as VP of Real Estate (Central Region), Caroline McGregor has joined as Director of Acquisitions and Business Development, and Misha Tran has joined as Director of Real Estate (Sales, Marketing and Leasing) as part of BCH's takeover of Canada Lands Company's real estate arm. Joshua Green has joined Morguard as Director of Asset Management. Nicholas Foster has been promoted to VP of Senior Sales Director at CBRE, and Matthew Hanson has been promoted to Senior Sales Associate. Shaan Dhaliwal has joined National Bank of Canada as Director of Real Estate Finance. Alexandra Mijovic has been promoted to Senior Human Resources Generalist at Compass Communities. Dazle Gumabao has been promoted to Assistant Development Manager at Marcon. Gladice Sarmiento has joined VetStrategy as Head of Real Estate and Leasing. Josh Kirles has been promoted to Specialist of Housing Economics at CMHC. Kristina Mirkovic has started a new role as Director, Sales at Empire Homes. Stephanie Gaydosh has joined Tetra Realty Advisors as Director, Portfolio Management. Michael Burak has joined Nonni Property Group as Vice President, Development. Jerry Nguyen, JD has joined Concert Properties as General Counsel. Matthew Warzecha has joined Activia as Vice-President of Design & Development. Susan Cui has started a new position as Portfolio Manager, Real Estate Financing at National Bank of Canada * For the biggest hires, promotions and professional achievements in Canadian construction, check out SiteNews. * For the new hires, promotions, appointments and achievements across the environment industry, check out Environment Journal.
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About National Bank of Canada
Industries
Financial Services
Company Size
N/A
Company Stage
IPO
Headquarters
Canada
Founded
1859
There are no jobs for National Bank of Canada right now.
Find jobs on Simplify and start your career today