The BC Financial Services Industry’s
Importance to a More Competitive
Canadian Economy
by Colin Hansen and Bruce Flexman, CPA, FCA
T
he financial services industry
is a vital component of the
Canadian economy in promoting
job creation and sustaining
economic growth. According to
the World Economic Forum’s Global
Competitiveness Report, Canada has
the soundest banking system in the
world, a ranking it has maintained
for the past seven years. Canada’s
well-regulated financial institutions,
banks, trust companies, cooperatives,
insurance companies, and stock
exchanges have de