The financial services sector has been a strong source of growth for the Canadian economy over the past decade. Beyond the jobs it supports and GDP it generates, the financial services sector also facilitates growth for other businesses in the economy, according to a new Conference Board of Canada report released today.
“Financial institutions provide consumers and businesses access to a diverse array of capital sources, which is an important driver of economic growth,” said Michael Burt, Director, Industrial Trends, The Conference Board of Canada. “Canada’s financial institutions are effective in their roles as facilitators and are ranked among the top 10 globally when it comes to access to capital.”
To view the full release on the Conference Board of Canada’s website, please visit here.