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Running head: FINANCIAL INSTITUTIONS IN CANADA
Financial Institutions in Canada
Student’s Name
Institutional Affiliation
Date
1
FINANCIAL INSTITUTIONS IN CANADA
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Abstract
Financial intermediaries and institutions play significant roles in the process of investing
which is the core source of economic progress for the government. Investment advice for
investors is one of the segments of business and services offered by the intermediaries and
investors. In most cases investor choose funding sources based on the size of the institution, the
presence of brokers, pensions. The factors that affect the criteria used by the investors such as
individual business people the government and other income generating bodies aids in predicting
the financial stability of the state. The research focuses on the challenges that financial
institutions and intermediaries face in an attempt to meet the demand of investors and stabilize
the economy of the nation. Some of the common problems addressed in the findings are based on
the interest rates, currency exchange, strict regulations from the federal government, poor
systems in the banking sector, and competition. The method used in the collection of the data
regarding the addressed challenges is the manipulation of pre-existing data. The data is analyzed
with a comprehensive comparison to conclude the hierarchical impact of the difficulties in the
economy. The computations of the pre-existing data analyzed annually show that the challenges
receive less solution. The stability of financial institutions and intermediaries aff ect the economy
of Canada because of imbalance in trade. The variation in the exchange rates over a short period
due to the unstable value of the dollar as a challenge facing the financial institutions and
intermediaries affects individual investors. The literature review of existing publications
regarding the problems analyzed in the research shows a gap in the investment section due to
limitations of finance in the institutions and intermediaries that promote business. The strict rules
FINANCIAL INSTITUTIONS IN CANADA
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from the government have to a rampant rise of the interest rates in the institutions thus affecting
the number of investors. The laws from the federal government force the financial institutions to
change the rates that directly affect the number of investors. The banking systems in most
institutions according to research carried out are in various motion with technology. The lack of
advanced technology in the banking systems in most institutions mean poor services and a
security risk. The research evaluates some of the possible solutions that the institutions and the
government can implement to reduce the impact of the challenges. Some of the suggested
solutions in the study are collaborations with other countries. The Canadian government also
unites with other banking institutions from outside the country to facilitate better financial
service s to the country. There is a high need for the government to have simplified regulations
on the financial institutions to enable the financial institutions to fund individuals and
cooperations easily. The Canada ministry of finance and the Finance Columbia agreed and
established a regulatory system that would address issues faced by the capital markets
Introduction
The global financial crisis poses challenges to individual states due to the variation in the
exchange rates and the overall investment process. Financial institutions refer to companies that
participate in the financial and monetary transactions to facilitate the flow of money.
Intermediaries apply to specific organizations that aid in the transactions by controlling the
overall process of monetary circulation. Some of the operations that financial institutions and
intermarries perform are deposits, currency exchanges, loans, and investments. The financial
institutions in Canada control most of the transaction process through regulation of exchange
rates and interests for investors. Canada as a developed country has a high demand for services
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offered in the financial institutions. The high demand for services irreversibly triggers
challenges that affect the economy of the country and trading partners. Currency exchange rates
refer to a set value that aids an investor to obtain money from a different country for trading
purposes. The rates vary depending on the value of money in a specific state in overall affecting
the transaction process. Financial institutions and intermediaries such as banks and funds
controlling bodies face different challenges that affect the general economy of the country. The
Canadian government has never normalized despite being several years after the global financial
crisis. Global financial crisis refers to an economic situation characterized a degrade in the
monetary value. The economic situation affects most of the countries actively participating in
trading. The Central Bank in Canada is at the struggle to conduct unconventional monetary
policies that can support the failing economy. The lack of favorable policies from the
government and the central bank of Canada is one of the main challenges that financial
institutions face. The policies restrict the institutions from carrying out transactions that are
predicted as positive yielding. The progress in Canada is timid despite the economic
expectations to have strong financial momentum in the ...