Government should definitely allow insurance company mergers, including Clarica and Sun Life, according to the latest FP Executive Weekly Poll conducted by COMPAS. The CEOs and other executives in the business leader poll also believe that government should probably allow mergers among banks. Respondents are persuaded to embrace mergers within banking and within insurance mainly by the appeal of having a strong, Canadian player in global markets.

Though supportive of mergers within each of the two financial services pillars, business leaders are ambivalent about convergence in financial services and are divided about whether government should allow mergers between banks and insurance companies.

Those business executives who are accepting of mergers in banking or in insurance tend to believe that such mergers would not harm domestic competition and may even help it.

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