The competition in the global marketplace for financial services is getting steadily tougher and the Canadian financial sector reform process is struggling to balance domestic political objectives and international financial realities.
Document Highlights
The years 1998 and 1999 were a mix of good and bad news for Canada’s financial services sector. On the one hand, the sector as a whole remained very profitable, driven in large part by the continued strength of the North American economy. On the other hand, the competition in the global marketplace for financial services was getting steadily tougher and the Canadian financial sector reform process was struggling to balance domestic political objectives and international financial realities.
This briefing scans the international financial sector environment and its impact on Canada’s financial services sector.
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