I applied through university. The process took 5 days. I interviewed at CIBC (Toronto, ON) in Sept 2009
Interview
First of all, don't expect your interview to be with the hiring manager. You will be interviewed by HR people that will place you in a position they feel is either suitable or available to co-op students at the time. You will not get a job description of the position until after you are hired.
Interview questions [1]
Question 1
The HR people only ask you general questions so it is difficult to figure out what they are looking for in a candidate.