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  Why Canada?


Why should you do this?

Globalization is the major factor influencing the domestic financial markets. With deregulation of the financial markets taking place across the world; financial services, institutional framework and the nature & scope of financial instruments is undergoing rapid and dramatic changes. India with its comprehensive framework of financial institutions and instruments is emerging as a leading player in emerging market finance. However, a great scope exists to further expand the reach and competitiveness in business development and performance.

In an increasingly competitive world, successful professionals need to understand the sophistication and subtleties of international finance markets, global best practices and techniques.

This program will take you beyond understanding cutting-edge financial market concepts, to applying conceptually sound techniques for obtaining an edge over competition. It provides an unprecedented and unique opportunity to learn comprehensive, state-of-the-art financial thinking and techniques, practiced in the rapidly growing and diversified Canadian markets.


Canada

Rock-solid Financial Services

Amidst the global financial turbulence, Canada stands out as a safe – and financially sound – destination for investors. From the World Economic Forum to the International Monetary Fund, Canada earns top marks for having the strongest banking system and has one of the most highly developed financial services sectors on the planet.
Canada's financial services industry is world-class and globally oriented, with over $60 billion in acquisitions outside Canada since 2000. This dynamic sector is an equally powerful force on the domestic front, employing 750,000+ people and generating over 6% of national GDP of $78 billion in 2007. A highly-skilled workforce, advanced telecommunications infrastructure and conducive business environment create fertile ground for future growth. Investors looking for high yields can bank on it.


Look what Canada has to offer

  • Ranked #1 in Forbes’ annual look at the Best Countries for Business in 2011
  • Canada represents 0,5% of the World population and counts 4 cities among the Top 30 of the Global Financial Centres Index (March 2012)
  • Canada's banks are ranked #1 globally by the World Economic Forum
  • 2nd most attractive global centre for information technology/business process outsourcing
  • 3rd largest financial centre in North America
  • Highly-educated population and some of the best business schools in the world
  • 7 of the top 10 locations internationally for low operating costs


Gateway to the world

  • After a successful free-trade agreement with the United States, Canada is currently in negotiations for a free-trade agreement with the European Union. Moreover, Canada welcomed the conclusion of the fourth round of negotiations toward a Comprehensive Economic Partnership Agreement (CEPA) that took place February 2012 in New Delhi. With these agreements under way on three different continents, Canada will not only strengthen its stable roots, but continue to grow in a global arena and offer unique opportunities for financial institutions in India.


First for a reason

Canada’s highly-diversified Financial Services sector is composed of banks, trust and loan companies, credit unions and caisses populaires, insurance firms, securities dealers and exchanges, mutual fund companies and distributors, finance and leasing firms, as well as pension fund managers and independent financial advisors, insurance agents and brokers.


Sound Banking System

Canadian financial institutions are strong, stable, well diversified and well funded with healthy balance sheets. The banking system’s strong capital position – with capital adequacy ratios above the International Monetary Fund’s Basel minimums for effective banking supervision – is sufficiently financed against loan losses. The stronger financial position of Canadian banks means they now borrow at rates considerably lower than those of many of their international counterparts.


Leadership

Global leaders like Royal Bank of Canada and Manulife Financial attest that Canada’s financial services sector is one of the most sophisticated in the world – and the world has taken notice. The Financial Services sector continues to attract foreign investment, valued at $54 billion in 2006, and many major international financial services firms (e.g. BNP Paribas, CITCO) maintain business processing near-shore operations in Canada. The industry’s leadership extends beyond Canada’s borders. The six largest banks are active in the United States, Latin America, the Caribbean and Asia. The Canadian life and health insurance sector is even more internationally oriented, with branches and subsidiaries in more than 20 countries, with $77.7 billion of their world-wide premiums generated abroad.


Regulatory oversight and reporting

Canada has a well developed general legal and securities regulatory framework. The Canadian financial services sector offers many examples of best practice. The institutions, markets, infrastructure, safety nets, and oversight arrangements that make up the comprehensive system are sophisticated, and include a full range of financial intermediaries.


Near-shore operations

Canada’s geographic location and sound business practices make it a favourite nearshoring/outsourcing destination for investors and one of the world’s top business process outsourcing markets. More than simply local market centres, these key value creation centres support global clients.


Competitive clusters

With Canada’s large pool of talented workers, advantageous labour and operating costs, as well as its outstanding quality of life – #1 in the G7 – any Canadian city offers an excellent location to do business. However, several centres stand out for their competitive advantages: