The five largest Schedule A banks account for about 90% of total bank assets in Canada.

Name: The five largest Schedule A banks account for about 90% of total bank assets in Canada.
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This statement is true. The five largest Schedule A banks in Canada are Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. As of 2020, they accounted for approximately 90% of total bank assets in Canada.

The Five Largest Schedule a Banks Account for About 90