How big banks dominate Canada’s financial landscape
Story continues below advertisement
The delays mean all sorts of innovations are slower to arrive, said Vass Bednar, executive director of the Master of Public Policy in Digital Society at McMaster University. “We see them being hostile to progress that allows others to compete on a more even footing with them,” she said.The industry is simply concerned with making sure the government balances safety and security with competition and access, said Hannah at the bankers association.The tension between competition and security is seeing more focus these days following several high-profile bank failures including Silicon Valley Bank and Credit Suisse.
But while there is the potential for more competition ahead, more concentration is also on the horizon.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Military cemeteries need more funding to keep them from falling into disrepair - National | Globalnews.caThe Liberals have been repeatedly criticized for refusing to make permanent investments in Veterans Affairs operations over the past few years.
Read more »
Putin critic Vladimir Kara-Murza jailed for 25 years in treason case - National | Globalnews.caState prosecutors had accused him of treason and of discrediting the Russian military after he criticized what Moscow calls its 'special military operation' in Ukraine.
Read more »
Public service strike will start Wednesday if no deal reached by then - National | Globalnews.caNational President Chris Aylward told reporters on Monday that despite progress being made on several fronts, there has been little on the union’s key priorities.
Read more »
Young Canadians are earning more today – but barriers in labour market remain - National | Globalnews.caYoung, educated workers today are earning more than in previous generations, according to a new report from Desjardins.
Read more »
Coronation quiche: King Charles picks dish to mark celebrations - National | Globalnews.caThe palace said on its website that the dish had been chosen personally by Charles and Camilla, and was 'easily adapted to different tastes and preferences.'
Read more »
Trudeau urges caution as calls grow for foreign influence registry - National | Globalnews.caThe Liberals are facing calls to establish a foreign influence registry in response to reports of alleged interference by the Chinese government in recent Canadian elections.
Read more »