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United StatesBanking IT/Technology Expenses, Canada
Total Banking IT/Technology Expense Share, by Company
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Overall
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Total Banking IT/Technology Expenses
by Company
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Total Banking IT/Technology Expenses, by Company
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Total Banking IT/Technology Expense Growth, by Company
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Total Banking IT/Technology Expense Share, by Company
Companies
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Bank of Montreal IT/Technology Expenses
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Bank of Nova Scotia IT/Technology Expenses
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CIBC IT/Technology Expenses
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Royal Bank of Canada IT/Technology Expenses
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Toronto-Dominion Bank IT/Technology Expenses
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Other Banking IT/Technology Expenses
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Total Banking IT/Technology Expense Share in Canada, by Company

% of total banking IT/technology expenses
Timeframe20232024202520262027
Bank of MontrealMaximum of two rows can be charted.
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Bank of Nova ScotiaMaximum of two rows can be charted.
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CIBCMaximum of two rows can be charted.
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Royal Bank of CanadaMaximum of two rows can be charted.
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Toronto-Dominion BankMaximum of two rows can be charted.
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OtherMaximum of two rows can be charted.
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Source: eMarketer

Note: includes expenses by banks with CDIC-backed consumer and business expenses and savings accounts; expenses include core systems maintenance, modernization, innovation, transformative technology, data processing, equipment, software, digital initiatives, compliance and cyber security

Methodology: Estimates are based on the analysis of data from respective bank corporate disclosures, reported and estimated non-interest expenses from major banks, estimates from other research firms, historical trends, GDP trends, technology expense trends, and macro-level economic conditions.

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