Why are so many Canadians still struggling with money when we have such a large banking industry that says it wants to help us?
Today Canada is dominated by five large banks, that now control 91% of the entire Canadian financial service industry, with approximately $4 Trillion in assets. The Royal Bank’s recent purchase of HSBC only amplifies this fact. Many may think that there are larger industries in Canada, however as of 2021 the financial sector is now the largest industry in terms of employment in Canada. There now is so much [...]