Archived - Supporting a Strong and Growing Economy: Positioning Canada's Financial Sector for the Future - Text version
Figure 1
Financial Sector Assets
per cent of GDP
| Country | 2012 |
|---|---|
| Turkey | 123.48 |
| Slovak Republic | 137.15 |
| Poland | 145.27 |
| Estonia | 169.97 |
| Czech Republic | 175.75 |
| Hungary | 187.02 |
| Slovenia | 214.65 |
| Chile | 226.04 |
| Norway | 298.61 |
| Greece | 312.25 |
| Israel | 317.07 |
| Italy | 375.69 |
| Korea | 392.99 |
| Finland | 430.16 |
| Austria | 442.91 |
| Germany | 454.46 |
| Belgium | 458.47 |
| Sweden | 464.76 |
| United States | 466.58 |
| Portugal | 483.24 |
| Spain | 488.54 |
| Canada | 533.78 |
| France | 598.23 |
| Iceland | 630.43 |
| Japan | 652.53 |
| Denmark | 744.84 |
| Switzerland | 779.72 |
| Netherlands | 1,190.20 |
| United Kingdom | 1,280.70 |
| Ireland | 2,066.76 |
| Luxembourg | 14,624.06 |
| Source: Department of Finance Canada calculations, based on Organization for Economic Co-operation and Development (OECD) data; 2012 or most recent year | |
Figure 2
Concentration in Canadian Banking: Big Six Bank Assets
per cent of assets of all banks
| Year | Total assets | Domestic currency assets |
|---|---|---|
| 2000 | 93 | 91 |
| 2001 | 93 | 91 |
| 2002 | 92 | 91 |
| 2003 | 92 | 89 |
| 2004 | 91 | 88 |
| 2005 | 91 | 88 |
| 2006 | 91 | 87 |
| 2007 | 90 | 87 |
| 2008 | 91 | 87 |
| 2009 | 91 | 87 |
| 2010 | 91 | 88 |
| 2011 | 92 | 88 |
| 2012 | 93 | 90 |
| 2013 | 93 | 89 |
| 2014 | 93 | 89 |
| 2015 | 93 | 88 |
| Source: Department of Finance Canada calculations; Office of the Superintendent of Financial Institutions | ||
Figure 3
Return on Equity: Canadian Banks
per cent
| By group | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Big 6 | 15 | 10 | 16 | 19 | 15 | 23 | 21 | 10 | 12 | 16 | 18 | 20 | 18 | 17 | 16 |
| Mid-sized domestic | 14 | 8 | 12 | 9 | 10 | 11 | 14 | 13 | 12 | 14 | 13 | 13 | 11 | 12 | 13 |
| S&P TSX 60 | 6 | 12 | 14 | 14 | 20 | 19 | 16 | 8 | 12 | 13 | 11 | 6 | 11 | 4 | |
| International peers | 15 | 17 | 19 | 17 | 17 | 19 | 15 | 3 | 7 | 7 | 8 | 7 | 8 | 9 | 9 |
| Source: Department of Finance Canada calculations; Bloomberg “Mid-sized Domestic” includes Canadian Western Bank and Laurentian Bank “Int'l Peers” includes, in the US: Bank of America, BB&T, Fifth Third Bank, First Horizon National Bank, JP Morgan Chase, PNC and Wells Fargo; in the UK: Barclays, Lloyd's and Royal Bank of Scotland; and in Australia: Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank and Westpac |
|||||||||||||||
Figure 4
Big Three Life Insurers: Composition of Earnings
per cent
| Wealth Management | Insurance |
|---|---|
| 39 | 61 |
| Sources: Department of Finance Canada calculations; financial statements of the three large life insurers (Q1 2016) Note: Net earnings attributable to “corporate” and “other” segments are excluded |
|
Figure 5
Property and Casualty Insurance: Market Share
per cent
| Company | 2014 |
|---|---|
| Intact | 15 |
| Aviva | 8 |
| Desjardins | 8 |
| TD Insurance | 6 |
| RSA | 6 |
| Others | 57 |
| Sources: Insurance Bureau of Canada; 2014 direct premiums written, consolidated groups | |
Figure 6
Foreign Ownership in the Finance and Insurance Industry, Canada
| Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Per cent of assets under foreign control | 17 | 16 | 16 | 16 | 15 | 15 | 16 | 16 | 16 | 14 | 13 | 13 | 13 | 12 | 12 |
| Source: Statistics Canada | |||||||||||||||
Figure 7
Deposits by Institution
(as at December, 2015)
| Institutions | Institution Type | $ billion |
|---|---|---|
| RBC | Big 6 banks | 359 |
| TD | Big 6 banks | 300 |
| Scotia | Big 6 banks | 272 |
| CIBC | Big 6 banks | 233 |
| BMO | Big 6 banks | 205 |
| Desjardins | Provincially regulated entities | 146 |
| National Bank | Big 6 banks | 90 |
| HSBC | Federally regulated mid-sized deposit-taking | 57 |
| Alberta Treasury Branches | Provincially regulated entities | 29 |
| Laurentian | Federally regulated mid-sized deposit-taking | 26 |
| Canadian Western Bank | Federally regulated mid-sized deposit-taking | 19 |
| Manulife Bank | Federally regulated mid-sized deposit-taking | 18 |
| Vancity | Provincially regulated entities | 16 |
| Home Trust Company | Federally regulated mid-sized deposit-taking | 16 |
| Servus Credit Union | Provincially regulated entities | 13 |
| Coast Capital Savings | Provincially regulated entities | 11 |
| Source: Office of the Superintendent of Financial Institutions; company financial returns; Canadian dollar deposits, year-end 2015 | ||
Figure 8
Household Debt and Interest Rates
| Year | Yield on five-year Government of Canada bonds (RHS) yield (per cent) |
Household debt to disposable income (LHS) per cent of disposable income |
|---|---|---|
| 1990 | 88 | |
| 1991 | 8 | 89 |
| 1992 | 7 | 91 |
| 1993 | 6 | 91 |
| 1994 | 9 | 95 |
| 1995 | 7 | 96 |
| 1996 | 5 | 98 |
| 1997 | 5 | 102 |
| 1998 | 5 | 105 |
| 1999 | 6 | 107 |
| 2000 | 5 | 107 |
| 2001 | 5 | 109 |
| 2002 | 4 | 113 |
| 2003 | 4 | 118 |
| 2004 | 4 | 124 |
| 2005 | 4 | 132 |
| 2006 | 4 | 137 |
| 2007 | 4 | 145 |
| 2008 | 2 | 150 |
| 2009 | 3 | 159 |
| 2010 | 2 | 161 |
| 2011 | 1 | 162 |
| 2012 | 1 | 163 |
| 2013 | 2 | 163 |
| 2014 | 1 | 165 |
| 2015 | 1 | 168 |
| 2016 | 1 | 167 |
| Source: Statistics Canada; Bloomberg | ||
Figure 9
Canadian Life Insurer Assets
$ billions
| Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|
| Domestic assets | 497 | 534 | 552 | 596 | 622 | 689 |
| Foreign assets | 514 | 526 | 604 | 606 | 657 | 728 |
| Source: Canadian Life and Health Insurance Association | ||||||
Figure 10
Geographic Composition of Canadian Bank Foreign Exposures
$ billions, USD
| Foreign Claims | 2015 | 2015 (%) |
2010 | 2010 (%) |
|---|---|---|---|---|
| US | 839.3 | 65.3 | 527.5 | 58.9 |
| Europe | 206.4 | 16.1 | 193.8 | 21.7 |
| Latin America and Caribbean | 51.3 | 4 | 40.8 | 4.6 |
| Asia | 82.3 | 6.4 | 29.5 | 3.3 |
| Other | 106 | 8.2 | 100 | 11.7 |
| Total | 1,285.3 | 100 | 896.3 | 100 |
| Source: Bank for International Settlements | ||||
Figure 11
Canadian International Trade and Investment in Financial Services
$ billions
| Year | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Outward financial services FDI (stock) | 159.7 | 148.1 | 123.8 | 129.1 | 155.8 | 168.9 | 234.2 | 231.7 | 236.4 | 264.6 | 279.1 | 297.6 | 320.9 |
| Financial Services Exports (flow) | 4.1 | 4.1 | 4.1 | 5.0 | 5.9 | 6.6 | 6.5 | 6.6 | 7.6 | 9.2 | 9.3 | 9.8 | 10.3 |
| Inward financial services FDI (stock) | 44.6 | 51.0 | 53.2 | 56.0 | 60.8 | 69.9 | 73.8 | 82.6 | 78.1 | 79.3 | 84.6 | 87.4 | 90.5 |
| Financial Services Imports (flow) | 6.4 | 6.4 | 6.4 | 6.8 | 7.9 | 8.5 | 8.4 | 9.1 | 10.5 | 9.9 | 9.7 | 10.4 | 11.1 |
| Source: Statistics Canada * Foreign Direct Investment |
|||||||||||||
Figure 12
Insured Catastrophic Losses in Canada
$ billion
| Year | Insured losses | Trend (calculated) |
|---|---|---|
| 1983 | 0.038 | 44 |
| 1984 | 0.039 | 49 |
| 1985 | 0.100 | 55 |
| 1986 | 0.045 | 61 |
| 1987 | 0.218 | 68 |
| 1988 | 0.109 | 76 |
| 1989 | 0.014 | 85 |
| 1990 | 0.016 | 94 |
| 1991 | 0.419 | 105 |
| 1992 | 0.101 | 117 |
| 1993 | 0.224 | 131 |
| 1994 | 0.077 | 146 |
| 1995 | 0.205 | 163 |
| 1996 | 0.664 | 182 |
| 1997 | 0.074 | 203 |
| 1998 | 1.707 | 226 |
| 1999 | 0.215 | 252 |
| 2000 | 0.216 | 281 |
| 2001 | 0.204 | 314 |
| 2002 | 0.302 | 350 |
| 2003 | 0.427 | 390 |
| 2004 | 0.332 | 435 |
| 2005 | 1.042 | 486 |
| 2006 | 0.158 | 542 |
| 2007 | 0.156 | 604 |
| 2008 | 0.446 | 674 |
| 2009 | 1.033 | 752 |
| 2010 | 1.235 | 838 |
| 2011 | 2.044 | 935 |
| 2012 | 1.461 | 1043 |
| 2013 | 3.540 | 1163 |
| 2014 | 1.013 | 1298 |
| 2015 | 0.608 | 1448 |
| Source: Insurance Bureau of Canada | ||
Page details
- Date modified: