Stability, Resilience and Innovation: Canada in Focus

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Sibos 2020 Feature Article for Asset Servicing Times

November 2020

Canada continues to hold a strong position among institutional investors on the world stage, showcasing the strength of our six big banks, sophisticated pension managers, leading asset managers, growing insurance sponsors and other financial market stakeholders.

Canada’s financial sector is characterized by robust and mature markets, marked by stability and transparency, proven infrastructure and efficient settlement mechanisms and an effective regulatory environment. Also central to this confidence is a culture of participants’ prudent risk management and innovation. For global financial institutions and investors that wish to capitalize, Canada makes a strong argument.

Global investors into Canada continue to recognize the country’s many advantages, including our highly-skilled, well-educated and diverse workforce, status as a hub for technological innovation and advanced infrastructure. According to The Economist Intelligence Unit, Canada retains first place in its regional rank of G7 countries for the best business environment. Indeed, Canada offers an array of incentive and support programs to enable global investment, including an Accelerated Investment Incentive, Strategic Innovation Fund and an Innovation Superclusters Initiative to name a few.

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Contributors

Lloyd Sebastian

Lloyd Sebastian

Vice President, Global Financial Institutions, CIBC Mellon




This article is provided for general information purposes only and CIBC Mellon and its affiliates make no representations or warranties as to its accuracy or completeness, nor do any of them take any responsibility for third parties to which reference may be made. This article should not be regarded as legal, accounting, investment, financial or other professional advice nor is it intended for such use.

About CIBC Mellon

CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services.

As at June 30, 2024, CIBC Mellon had more than C$2.8 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY network, which as at June 30, 2024 had US$49.5 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.

For more information – including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada – visit www.cibcmellon.com