BU111 Lecture Notes - Lecture 5: Toronto Stock Exchange, Canadian Dollar, Financial System
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Interest rates: employment rates, exchange rates, things are more expensive for us as canadian dollar value is far weaker than. What is the specific reason: due to deregulation, the pillars have been blurred. Changes in banking: deregulation, the fact that we can do banking with apple pay for example. Changes in consumer demands: consumers don"t want to carry cash anymore and they want to etransfer and use. Apple pay: what the fuck is a check and what do i do with it, competition from foreign banks. Alternate banks: trust companies and credit unions, td canada trust is called that because td bought canada trust, if credit union earns a profit, members earn dividends. Banks + alternate banks (pillars 1, 2: make deposits, borrow, businesses and people use banks, sme (small/medium enterprises) primary lending source. Investment dealers: the broad public doesn"t buy shares from companies that were started yesterday, needs to be large and established business, going public; stocks and bonds.
