SA2026 Toronto
Here's a list of banks that have finished or are in progress as of today (from my knowledge), please feel free to add updates below.
CIBC: Offers Out
RBC: Offers Out
BMO: Second Batch of R1's Out
TD: SPD Out
Scotiabank: Apps Open
National: N/A
Canaccord: Finished
Barclays: Finished
GS: Finished
MS: Finished
UBS: Finished
Citi: ?
Greenhill: Finished
BofA: Finished
Stifel: Apps Open
Jefferies: Finished
Cormark: ?
Evercore: Finished
Wells Fargo: N/A
UPDATED AS OF: 3/27/2025
Based on the most helpful WSO content, here's a quick update on the SA 2026 Toronto recruiting process:
Feel free to share any additional updates or corrections!
Sources: How good are Scotiabank, CIBC and RBC Mining Groups in Toronto?, 2019 Canadian SA Thread, IB SA 2024 Thread - Canada, 2019 Canadian SA Thread, US Banks With Satellite Offices in Canada
bump
RBC sent out offers for Superday
RBC & TD Superday's this week
Were the SD requests sent out already for both?
yea I had my rbc today and td is later this week
keep us updated when you hear back from rbc!
Which school ?
Is receiving R1 for TD still possible? I applied late
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Yes
Bmo is rolling, but they've already had their first batch of interviews. Probably another set in the next couple of weeks
bump
are td r1 offers out?
BofA, UBS, CIBC, and National have already given offers
ik UBS / bofa are finished but for CIBC and national it’s div only right
Oh yea I didn't even realize but now that I think about it all the people I know with offers are diversity candidates. Regular processes might be currently running
Anyone hear back from CIBC - regular process R1?
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SDs out
Are BMO interviews for diversity or broader candidate pool?
Broader candidate
Anyone heard back from CIBC CB R2 yet?
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you get an offer? if so pm me, i did
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Any updates on CIBC R2 for corp Banking?
havent heard back
offer recei
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Anyone heard back from BMO?
last batch of r1s still ongoing
last batch R1 sent out? or still upcoming?
Anyone hear anything back from Scotia, Superday was yesterday?
Has National started interviewing?
bump
Spoke to an analyst yesterday ppl should have gotten them I think.
spoke with recruiter. interviews go out next week
any idea when?
Anyone hear back from Agentis?
They are probably wrapping up round 1 /12 tasks they make their interns do. Absolute joke of a process. I gave up on round 7, after sitting through two different GMAT-style tests and submitting three separate essays on the future of AI and investment pitch memos.
At some point, it becomes clear this isn’t about finding the best candidates—it’s about filtering for people willing to grind through a brutal process with minimal return. I guess that’s how they screen for the ultra-sweaty types eager to work 100-hour weeks for the slim chance of closing one deal a year.
You do realize they close a lot of deals? They lead infra m&a for a reason, they didn't get the reputation without closing
Scotia is done offers out
Anyone hear back from National?
^ anyone hear yet?
Anyone heard from Raymond James?
Interviews were today
Summer or Winter?
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