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Government should focus on cultivating competition in the financial sector

Unless policy is actively designed to foster a robust credit union sector, only the very largest will be able to bear the costs of technology and ever-increasing regulation, resulting in more concentration, fewer choices, and higher costs for Canadian consumers.

Opinion
BY MICHAEL HATCH
November 16, 2023

Opinion | BY MICHAEL HATCH | November 16, 2023

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Government should focus on cultivating competition in the financial sector

Unless policy is actively designed to foster a robust credit union sector, only the very largest will be able to bear the costs of technology and ever-increasing regulation, resulting in more concentration, fewer choices, and higher costs for Canadian consumers.

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Between wars and fears of fascism in the U.S., there’s plenty to be scared about

Poilievre can’t just ‘cat-call from the periphery’: Tom McElroy

The problem of political homelessness

Liberals have fumbled green energy transition, and Conservatives have zero interest

Trump alienates women and Puerto Rican voters

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Innovation sector could fall behind without Liberal follow-through on open banking, say advocates

Canada is ready for open finance and it’s time the government deliver

Economic justice advocates encouraged by a few big wins in Budget 2023, but renew call for bolder action

Canada needs modern payment legislation to drive safe innovation

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Government should focus on cultivating competition in the financial sector

Unless policy is actively designed to foster a robust credit union sector, only the very largest will be able to bear the costs of technology and ever-increasing regulation, resulting in more concentration, fewer choices, and higher costs for Canadian consumers.

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