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About the Financial Services Sector
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Facts & Figures
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Did you know?Canada's financial services sector:
- employs more than half a million Canadians;
- supports approximately half a million other jobs indirectly through purchases
of supplies, equipment and services;
- provides a yearly payroll of over $22 billion;
- exports nearly $50 billion worth of services annually;
- represents 5% of Canada's gross domestic product, a proportion exceeded
only by the manufacturing sector;
- yields over $9 billion in tax revenue to all levels of governments;
- ranks 5th worldwide in terms of international competitiveness
(source: World Economic Forum);
- is widely acknowledged as one of the safest and healthiest in the world.
About the different institutions
Several thousand companies populate the financial landscape. Read the following fact sheets for specific information on the various institutions.
Industry associations such as the Interac Association, the Canadian Payments
Association and the Investment Funds Institute of Canada produce a range of
statistics on their members. You can access these and other organizations in
our Links section under "Industry
Associations and Educational Institutions."
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