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Do Canada’s bankers have the solution to regulatory reform?

Canada’s banks are viewed as institutions, almost as utilities that play a special role in the nation’s economy and growth , notes veteran Canadian banker Greg Smith , managing director in the Toronto office of Novantas. South of the border , the ten largest US banks account for between 35 and 40 percent of deposits. Canada’s big banks are treated more like utilities than highly competitive businesses , notes Robert Vokes , managing director.

Read more: Do Canada’s bankers have the solution to regulatory reform?

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