The finance sector in Canada is flourishing, and it is one of the safest in the world. Why did we call it safe? Well, Canada has had a stable finance sector at least for the last six years. The Canadian financial agencies and banks were ranked as the most sorted and soundest system.
Even when there was a financial crisis in the year 2008, the Bank of Canada provided liquidity support of up to $114 billion to other banks.
That’s not the only reason! Here we are with an article that sheds light on the subject – why get a job in Canada’s finance sector?
Let’s dive right in!
The Safest Banking System is in Canada
2008 to 2009 was a terrible time for the world. Most people got fired from their jobs and there was a shortage of work and supplies. Economies were literally struggling. Canada and Australia did a lot better during this time.
In Canada, the total return on equity was still in double figures.
Canada has a conventional banking system – there are only five to six large banks. There are no domestic takeovers and the margins are high.
This country has solid funding and the lending services are conservative. Loan policies are rigid, but people can still extend their loan repayment period.
Thus, you will find that Canada has got it all sorted and most people want to move to this country for many reasons.
No Shortage of Job Opportunities
Now, please note that the financial industry in Canada has the largest employers. About 703,000 people work in Canada out of which 2,79,975 are in the finance industry.
The finance sector is quite strong in this country; thus, you must find a good job here.
If you have the qualification and the drive to excel in this particular industry, feel free to join in!
Let’s face it: Canadian universities are amongst the best in the world, but their financial sector is also quite strong. It is not just known for the universities but also the stable financial sector.
Concluding Thoughts
You will be thrilled to be a part of the financial industry in Canada. The salary is lucrative and there is never a shortage of work opportunities.
Emploi finance helps you find the right job! Make sure you have a strong resume and a deep passion for finance. This passion and your skills will take you places!
