Browse "Finance"


Public Finance

The relative importance of government expenditures in the Canadian economy has risen dramatically over the past 70 years, from 15% of the Gross Domestic Product (GDP) in the late 1920s to 40% of GDP in 1980 and 50% in the early 1990s.


Royal Bank of Canada (RBC)

The Royal Bank of Canada (RBC) was founded in 1864. Today, it is the country’s largest chartered bank and financial institution, and one of the 20 largest banks in the world. It has five divisions that operate under the umbrella brand name of RBC Financial Group: Personal and Commercial Banking, consisting of banking operations in 37 countries around the world; RBC Wealth Management, consisting of investment products and services for retail investors; RBC Capital Markets for international investment banking services; RBC Insurance for individual and group clients; and Investor and Treasury Services, providing custody services and fund administration for international clients. RBC is a public company that trades on the Toronto Stock Exchange, the New York Stock Exchange and SIX Swiss Exchange under the symbol RY. In 2017, RBC registered $40.7 billion in revenue and $11.4 billion in profit and held $1.2 trillion in assets. RBC employs 80,000 people, who serve 16 million customers.


Stock and Bond Markets

After shares are issued they may be listed on various stock exchanges and bought or sold through brokerage firms. Shares may be listed on a stock exchange if the companies have the size, stability and financial strength and are willing to report publicly on their operations.


The Great Crash of 1929 in Canada

In late October of 1929, terror seized the stock exchanges of North America. Capitalism’s speculative party, with its galloping share prices and its celebrity millionaires, came to an abrupt stop. The Great Crash, it was called, and it was followed by the Great Depression.