Holdings of Tier 1 capital at Canada’s four largest banks have risen steadily over the past few years on the back of robust underwriting metrics and diversified revenue streams.
Toronto Dominion Bank — which overtook rival Royal Bank of Canada (RBC) to become country’s largest bank by assets last year — saw its Tier 1 capital increase 41% between 2016 and 2020, to reach $51.9bn at end October 2020, according to The Banker Database.