In the Shadow of C-8 and 9/11: The Canadian Financial Services Sector in 2001

Financial institutions underpin most economic activity. Almost all businesses and individuals use financial institutions to varying degrees, and well functioning money and capital markets are key to financing economic growth. How did the financial sector fare in 2001?

Document Highlights 

Three major events shaped financial sector activity in 2001:

1. the passage of major financial sector legislation;
2. the economic slowdown; and
3. the terrorist attacks in the United States on September 11.

This briefing looks at:

• major developments within Canada’s financial institutions;
• the financial sector performance following the September 11 attacks;
• financial sector policy;
• international developments; and
• what’s ahead.