A commercial bank offers accounts that are transactional like savings and money market accounts and they also accepts time deposits. A commercial bank extends loans secured and unsecured and mortgage loans too. Commercial banking is also considered banking for businesses and corporations as opposed to retail banking in which banks provides products and services to individuals.
The 5 biggest Canadian commercial banks in Canada are RBC Royal Bank, TD Canada Trust, BMO, Scotiabank and CIBC. All these Canadian banks are both commercial banks and retail banks offering products and services to businesses and individuals.
Small businesses across Canada rely on these banks everyday for their daily banking and use them to finance their business through borrowing for loans, lines of credit and mortgages.
Many Canadian banks have special business teller wickets so businesses can conduct business faster and by pass the retail customer line-ups in their branches. They also have commercial lenders and loans officers that specialize in commercial lending in their bank branches