The Canadian Banking and Insurance Sector is a huge part of the Financial Services Sector and a huge part of the Canadian stock exchange and economy as a whole
Some experts have noticed the precipitous growth of this sector with worry in recent years. The size of this sector as a percentage of Canadian GDP has grown alongside with real estate prices. Some experts worry that the Canadian FIRE industry (Financial, Insurance, Real Estate) will collapse in similar fashion to the United States in the mid 2000s
3The so called Big 5 Canadian banks make up a very large percentage of the TSX. Combined with the large Canadian insurers also listed on the exchange, the percentage swells ever larger.
Sector Growth
We don't normally give any form of analysis on these industry stub pages, but we would like to warn Canadian investors to tread carefully when investing in the FIRE sector, as you might very possibly get burned.
