________ are the largest and probably the most important financial institutions in Canada.

Question

Quizplus · Accepted Answer

Commercial banks are the largest and most important financial institutions in Canada, as they offer a wide range of financial services to individuals, businesses, and government entities. These services include lending, deposits, credit cards, mortgages, and investments. Commercial banks play a vital role in the Canadian economy and are subject to strict regulations and oversight by the government through the Office of the Superintendent of Financial Institutions (OSFI). Credit rating agencies assess the creditworthiness of borrowers, private banks serve high net worth individuals, and credit unions are member-owned financial cooperatives.

________ Are the Largest and Probably the Most Important Financial