is a routing number also called a transit number
Canadian Transit Number is a 9 character code used for routing of cheques (checks) and paper instruments in the banking industry. This code identifies the branch (and bank/credit union) on which the cheque is drawn. It is also known as check routing number and MICR Code. The format of check transit number â XXXXX-YYY. The first 5 digit is called branch transit number and identifies the exact branch of the bank. YYY is the institution code which identifies the bank or credit union.