C.D. Howe Institute | Source: Claessens and van Horen (2014)
The graphic above displays the degree to which foreign banks make up the overall share of banking assets in Canada and other OECD countries. This measure is one of many indicators on the level of foreign investment into the financial services sector of these domestic economies. As shown, Canada ranks relatively low in terms of foreign bank assets as a percentage of total bank assets.
However, Canada’s lower ranking on the presence of foreign competitors in its domestic market, at least with respect to banking, does not seem to have impeded the competitiveness in that sector.
For more information on the matter, read “Opening up New Trade Routes for Financial Services: Canada’s Priorities,” by Daniel Schwanen, Dan Ciuriak, and Jeremy Kronick.