Overview of the Canadian Financial Services in 2010 Explain the function and purpose of Financial Institutions which are banks and mutual funds In Canada the financial services sector includes banks, trust and loan companies, credit unions and caisses populaires, mutual fund companies and distributors (“Canadian Financial Monitor”, 2009; “The Canadian Financial Services Sector”, 2002). For this assignment banks and mutual fund companies and distributors will be discussed in regards to trends over the past decade. The function and purpose of banks and mutual fund companies has had a lot to do with product convergence over the past decade that has resulted in large financial groups emerging. Much of the product convergence has occurred in...The end:
.....nadian Financial Monitor. (2009). Ipsos Canada. Retrieved February 26, 2010, from http://www.ipsos.ca/reid/fs/cfm.cfm Nuku’alofa, T. (2008). Overview of the Canadian Financial System and Regulatory Environment. AFSPC & OSFI International Advisory Group. Retrieved February 26, 2010, from http://126.96.36.199/search?q=cache:65ZUoZuF79AJ:www.pftac.org/AFSPC_new/conference_papers/Overview%2520of%2520the%2520Canadian%2520Financial%2520System.pdf+overview+of+the+canadian+financial+services+in+the+past+decade&cd=7&hl=en&ct=clnk&gl=us The Canadian Financial Services Sector. (2002). Department of Finance Canada. Retrieved February 26, 2010, from http://www.fin.gc.ca/toc/2002/fact-cfss_-eng.asp Yanchus, D. (2010). IFC Statistics.