Summary - Canadian Industry Statistics

Finance and Insurance - 52

Definition

This sector comprises establishments primarily engaged in: financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions.

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    Included are: establishments that are primarily engaged in financial intermediation. They raise funds by taking deposits and/or issuing securities, and, in the process, incur liabilities, which they use to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale and risk.

    Establishments that are primarily engaged in the pooling of risk by underwriting annuities and insurance. They collect fees (insurance premiums or annuity considerations), build up reserves, invest those reserves and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.

    Establishments that are primarily engaged in providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs.

    In addition, establishments charged with monetary control - the monetary authorities - are included in this sector.

    Exclusions

    No exclusions are specified in the 2012 NAICS Canada manual.

Information on the number and size of businesses for 2016.

Establishments

215,612

0-99 Employees

97.5%

Find GDP growth to identify trends and the economic health of the industry for 2015.

4.5%

Find data for 2016 on hourly wages.

Wages

$26.53

Find a list of companies that have self-identified with this industry.

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