COMMERCE 1E03 Lecture Notes - Lecture 20: Canada Deposit Insurance Corporation, Trust Company, Money Supply
23 Mar 2017
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Document Summary
Banks are federally regulated but securities dealers and credit unions are provincially regulated. ^^^ this figure will be on the final exam. Until the 1980"s canada had a four pillar system: In 1992 there were legislative changes and those pillars were eliminated and many companies were bought out by other banks. Underwriting and acting as a primary distributor of government debt. More canadians are turning to the securities industry to ensure their financial security. An initiative by the governments of bc, nb, ontario, pei, saskatchewan, yukon and canada. Support efficient capital markets; instead of having different ways of doing things, there is one standard. Not all provinces participates, some believe that their own financial system must be unique to their province and they do not want it to be diluted by participating in a larger financial system. Investment risk: the riskier something is, the better the yield. Dividend income is subject to a preferred dividend tax credit.
