Compas Poll / Survey

Bank of Canada Governor David Dodge’s call for allowing bank mergers so that Canadian banks could become more effective players in international financial services to the benefit of Canada as a whole appears to have fallen on deaf ears.

The larger minority of the COMPAS business panel remains steadfast in its opposition. Indeed, last week’s poll of the CEOs and business leaders on the panel reveals the minority to be digging in its heels—a sizeable increase in the proportion of panelists who insist that there is no persuasive reason for allowing mergers along with an increase in concern that Canada’s banks offer too little competition in the current situation.

These are the key findings from the week’s web-survey of CEOs and business leaders on the COMPAS panel, carried out on behalf of The Financial Post under sponsorship of BDO Dunwoody LLP.