COMMERCE 1E03 Lecture Notes - Lecture 18: Online Banking, Mutual Fund, Commercial Finance
1 May 2016
School
Department
Course
Professor
Document Summary
Chapter 18: the financial services industry in canada. Products offered by financial institutions: money, banking, investing, insurance, financing, financial planning. Financial consumer agency of canada (fcac): independent body working to protect & inform consumers of financial products & services (changes in the financial services industry) Provides info on: banking, budgeting & debt management, credit cards, mortgages. 4-pillar system : banks, trust companies, insurance companies & securities dealers. Competition within each pillar, not among them. When govt. allowed commercial banks to acquire. Invest in canada: federal govt. site that provides info on the financial services sector"s role in. Reports that industry: securities (1987), this segregation eroded: employs more than 1. 12 million canadians, generates annual gdp of . 5 billion, is widely recognized as safest & healthiest in the world based on annual rankings. It is difficult to distinguish firms by type of function because of increasing competition (e. g. life. Bill c-8 (2001) caused ownership & organization rules for banks to loosen.
