Canadian Financial System

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Canada is one of the most popular country in the world from business aspect. In fact, Canada has a lot of financial services sectors, which considered as one of strongest financial services in the world. For instance , banks, trust and loan companies , insurance companies , securities dealers, pension fund managers, finance and leasing companies, credit unions, etc. Moreover, the Canadian banking system has got the soundest in world and that was by The World Economic Forum. However, there are some trends that are impacting the overall Canadian industry, and the strongest trends are Political, Economic, Social, Technological, Environmental and Competitive. In addition, all these trends have opportunities and threats.
Political Opportunity and Threat …show more content…
In addition, political trend is a very important for the Canadian industry. However, it is impacting the Canadian financial industry in many different ways. In fact, there are opportunities and threats as well. One of these opportunities is stability in Canadian government. In order to the banks of Canada their main goal is that to enhance stability and efficiency of the Canadian financial system. By focusing on the financial system the bank be entered to monetary policy, and that focuses overall on the economy. In fact, financial system is provided by liquidity from the bank, also the bank can interference in the federal government by giving advices on the design and development of the system. oversees major clearing and settlement systems, and provides banking services to these systems and their

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