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affairesdepiasses@lemmy.ca

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

submitted 10 months ago by affairesdepiasses@lemmy.ca to c/personalfinancecanada@lemmy.ca

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[–] SkepticalButOpenMinded@lemmy.ca 10 points 10 months ago (4 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.

[–] affairesdepiasses@lemmy.ca 7 points 10 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.

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