The Changing Landscape of the Financial Services Industry in Canada: Some Implications for Managers

Abstract

In recent years the pace of change and innovation in Canadian financial markets and institutions has increased enormously as have the speed, volume and value of financial transactions. This period has also seen a greatly heightened degree of aggressive competition in the financial services industry. All of this is taking place in the context of an increasingly interlinked world of banking and finance. One implication of these developments is that financial market participants that do not respond to the challenges of the new era of deregulation, conglomeration, homogenisation, concentration and internationalisation will face a future precarious at best.