This inaugural study, weighted based on responses to a consumer survey, ranks the seven largest Canadian financial institutions by assets according to their mobile banking capabilities. It presents detailed benchmarking data on the availability of 42 mobile features, selected by analysts based on their propensity to set FIs apart.

This sluggish US growth was starkly contrasted by continued strong Canadian growth: Wealthsimple Trade, its free online trading platform, clocked record user growth in January and February of this year, and 18% of all new brokerage accounts in Canada opened in H1 2020 were with Wealthsimple.

The Canadian bank is still interested in using a major acquisition to beef up its US retail operations and is unbothered by the recent spikes in valuation for the regional lenders that would be TD’s most likely targets, CEO Bharat Masrani said in an interview cited by Bloomberg.

How Canadian banks will adapt tech spending for the coronavirus economy. Bank of America is granted a no-action letter by the CFPB for its short term loan offering.