What Is the Business Development Bank of Canada?

The Canadian Commercial Bank system is the organizational management system of the Canadian Commercial Bank. The Canadian commercial banking system is greatly influenced by the British banking system. Since the first bank established in 1817, Bank of Montreal, was registered with the "Lower Government of Canada" in 1822, all commercial banks have to undergo registration approval to operate. Therefore, Canadian commercial banks are also known as registered banks. Registered banks have a particularly important status and role in the Canadian financial system, and are listed as the five pillars of the Canadian financial system alongside trust companies, mortgage companies, life insurance companies, and securities investors. ^[1]