Despite the economic crisis, the Canadian Banking system remains one of the sturdiest in the world. However, this comes with a price: the 6 chartered « Big Banks » in Canada constitute a form of monopoly controlling nearly 90% of all assets in the system.
Yet, there is an alternative to this monopoly of the « Chartered 6 »: one of the more surprising aspects of our financial landscape: Savings and Credit Unions such as Desjardins.