Canadian Industrial Outlook: Banking—Summer 2018

The Conference Board of Canada, 14 pages, October 10, 2018
Report by
5.0/5 based on 3 reviews
(You must be signed in and entitled to rate this report)

This report examines the short-and medium-term economic and profitability outlook for Canada’s banking industry.

Document Highlights

Fintech—Canada has been adopting financial technology services at a slower pace than most of its international peers, in part because of the strict regulation that Canadian financial firms are subject to. However, the possibility of more relaxed regulation in the future and Canada’s innovation potential imply that the future for fintech is bright.

Loans—Factors such as higher interest rates, slower job growth, and trade uncertainty will lead to a slowdown in consumer and corporate loans, key sources of income for many banks.

Changing Workforce—Products such as mobile banking and automated advisory services are still on the rise. While these are displacing many lower-wage positions in the sector and putting upward pressure on industry wages, productivity has continued to improve as a result.

COVID-19: Get all the insights

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.

Browse by...
Need Help?