Industry Analysis & Industry Trends
Despite the global financial crisis, the Commercial Banking industry in Canada fared relatively well over the five years to 2014, primarily due to its sound capital requirements and distance from the subprime mortgage crisis in the United States. In general, aggregate increases in domestic household credit; continued proliferation of mobile and online lending; and the introduction of ancillary services have benefited the industry's performance in recent years. Additionally, the industry is forecast to gain momentum over the five years to 2019, largely due to rising interest rates, improving consumer sentiment and rising corporate profit... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of industry establishments closely follows domestic population trends. For example, Ontario is anticipated to account for 38.6% of industry establishments and 38.8% of the Canadian population in 2014. To take advantage of this large population base, some of the industry's largest players focus on the province for revenue. For example, Royal Bank of Canada, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Scotiabank are all headquartered in Toronto.
Similar to Ontario, Quebec maintains a significant share of the industry's establishments due to its substantial population size. In 2014, Quebec is expected to represent 26.7% of industry establishments and 23.1% of the domestic population... purchase to read more