Market Research Report
Canada Retail Banking 2020 - Review, Forecasts, and Future Opportunities
|Published by||GlobalData||Product code||952729|
|Published||Content info||36 Pages
Delivery time: 1-2 business days
|Canada Retail Banking 2020 - Review, Forecasts, and Future Opportunities|
|Published: July 31, 2020||Content info: 36 Pages||
Growth in Canada's retail banking sector has been consistent over the past decade, with the country avoiding the type of recessionary effects experienced by other economies post-2008. However, COVID-19 threatens to significantly alter trajectories and forecasts in 2020 and 2021. A V-shaped recovery is expected in Canada that could potentially see growth post-COVID-19 follow similar trends and rates to those pre-COVID-19. Overall the Canadian economy has experienced higher compound annual growth rates in credit card balances, mortgage loans, and retail deposits and performed better than many comparable economies that pursued policies of austerity over the last decade.
This report explores trends in the Canadian retail banking sector and offers insight into consumer preferences and behaviors. It highlights some of the most important data points available on the performance of the sector comparable to other markets, as well as the performance and perception of firms within the industry. New trends and innovations are also noted, as are the implications of COVID-19 for the sector.