Industry Analysis & Industry Trends
The Commercial Banking industry has experienced a slight slowdown in growth in the five years to 2013. Low interest rates have restricted the interest spread banks are able to charge on their personal and business lending portfolios. Furthermore, the financial recession that started in late 2008 caused demand from consumers and businesses to decline. On the whole, though, Canadian commercial banks fared much better than their US counterparts because they were not directly hit by the subprime crisis and were in a much better financial position to weather the storm. As a result, industry revenue is expected to increase at an annualized rate of 2.2% to $72.8 billion in the five years to 2013... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Commercial Banking industry is in the mature stage of its life cycle, which is evident through its above-average contribution to the Canadian economy, high level of product development, increasing industry consolidation and moderate rate of technological change. In the 10 years to 2018, industry value added (IVA), which measures the industry's contribution to GDP, is forecast to increase at an average annual rate of 3.9%. This rate indicates that the industry will grow faster than the Canadian economy, which is projected to increase at an annualized rate of 2.4% over the same 10-year period.
In the five years to 2013, commercial banks have invested considerable funds into product development in response to increased competition for consumer deposits... purchase to read more