Letting credit unions consolidate helps keep banking sector competitive

In the credit union sector, consolidation is one of the ways in which the sector will continue to provide competition to the banks, and choice for consumers in the future.
Though it represents a relatively small share of Canada’s overall financial services market, the credit union sector still serves more than 10 million Canadians, writes Michael Hatch.

The cost of living remains the No. 1 economic issue on the minds of Canadians. Though the headline inflation number has come down over the last year, prices are still elevated compared to pre-COVID levels. Wages have not kept up, and consumers—and voters—are feeling the ...

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