The Canadian Banking System

This paper examines the major changes in the Canadian banking system since the Second World War, with special attention paid to the differences between Canadian and US developments over this period. An important difference between the countries is the nationwide branch banking arrangements in Canada. Two other differences are a result of regulatory dimensions of the Canadian scene: periodic reassessment and updating of banking legislation as a legislative requirement; and the absence of ceilings on interest rates on deposits or, since 1967, on loans.