Figure 3 - Selected Canadian Financial Sectors, by Total Asset Size, 1997

• Property and casualty insurance, $65,000,000
• Foreign banks, $55,000,000
• Credit union / Caisses populaires, $110,000,000
• Life insurance companies, $210,000,000
• Investment Funds, $285,000,000
• Employer-sponsored pension funds, $470,000,000
• Domestic banks, $1,130,000,000

Note: in 1998 the asset base of domestic banks was over $1.2 trillion while that of pension funds was over $500 billion.

Sources: The above numbers are end-of-year approximations derived from the Bank of Canada Review, 1997-98; Statistics Canada's Quartely Financial Statistics for Enterprises, 1998 and Quartely Estimates of Trusted Pension Funds, 1998 and national sector associations. The CLMPC acknowledges with thanks the contribution of Jean-Guy Bourgeois.

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