Canadian Credit Cards - April 2011
The following terms are also used in the report.
- Bank of Canada: Canada’s central bank is responsible for Canadian monetary policy, issuing bank notes, regulating and supporting Canada’s principal systems for clearing and settling payments, and acting as fiscal agent for federal government debt.
- Bankruptcy: In Canada, a full liquidation of a person’s debts, equivalent to a Chapter 7 personal bankruptcy filing in the U.S.
- Canada Deposit Insurance Corporation (CDIC): A federal Crown Corporation established in 1967 to protect Canadian currency deposits against the possible failure of CDIC member financial institutions. As a general rule, eligible deposits are protected up to a maximum of C$100,000 per person, including principal and interest, at each member institution.
- Disposable income: The amount of income left to an individual after taxes have been paid, available for spending and saving.
- Duality: The ability of a bank to issue both Visa and MasterCard cards concurrently, not just one or the other.
- Federally regulated financial institution: In general, federally incorporated companies—regulated by the Office of the Superintendent of Financial Institutions (OSFI)—that take deposits, or provide trust and loan services, life insurance, or property and casualty insurance.
- Interac Association: A nonprofit, member-owned association that controls the Canadian debit payments system.
- Office of the Superintendent of Financial Institutions (OSFI): A federal agency established under the Financial Institutions and Deposit Insurance System Amendment Act to supervise all federally regulated financial institutions. These include all banks, all federally incorporated or registered insurance, trust, and loan companies, cooperative credit associations, and fraternal benefit societies. OSFI is also responsible for monitoring federally regulated pension plans.
- Proposal: An insolvency petition involving a debt repayment plan, similar to a U.S. Chapter 13 filing.
- Schedule I bank: A federally regulated Canadian bank.
- Schedule II bank: A federally regulated foreign bank.
- Schedule III bank: A federally regulated foreign bank branch (lending and full service).
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.