Canadian Banking has been a pillar of strength during the global financial crisis, delivering strong financial performance even in the face of challenging economic conditions. Can the relative outperformance of banking continue in Canada, or will it follow a challenging path similar to the rest of the world?
In our report, The Future of Canadian Banking, we provide context to answer this key question and discuss the specific implications and opportunities for Canada's retail and business banking sector.
While obstacles such as high household indebtedness, low interest rates, and a hot housing market will act as headwinds to growth in the coming years, Oliver Wyman outlines the opportunity areas and key customer segments that Canadian banks should focus on in order to address these specific challenges to near-term profitability and build capabilities for long-term growth.
