Personal Finance Canada

1167 readers

2 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago

MODERATORS

[email protected]

Wealthsimple is starting to look like Canada’s next big bank (www.theglobeandmail.com)

submitted 8 months ago by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 8 months ago (1 children)

Canadian banks definitely could use the competition. But I wish we nurtured markets with many smaller competitors in this country instead of big oligopolies.

permalink
fedilink
source
hideshow 2 child comments

[–] [email protected] 0 points 8 months ago

There are quite a few competitors in retail banking, like EQ Bank, Alterna Bank, motus, ....

But none of them have achieved a critical size IMO, especially when compared to WS.

permalink
fedilink
source
parent