25
Wealthsimple is starting to look like Canada’s next big bank
(www.theglobeandmail.com)
Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!
Canadian banks definitely could use the competition. But I wish we nurtured markets with many smaller competitors in this country instead of big oligopolies.
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.