# data[].attributes.body
Summary :-Companies that deal with money and financial transactions, including currency exchange, loans, deposits, and investments, are known as financial institutions. Because they connect those looking for money with those who can lend or invest it, they are essential to the economy. Banks, insurance companies, brokerage houses, and investment dealers are examples of financial institutions. They are subject to various rules and regulations andvarys in terms of size, scope, and geography.

I chose it because anyone interested in learning about the fundamental ideas and operations of financial institutions and their services should read this article. It offers the facts understandably and straightforwardly and is based on reliable sources. Links to related articles and phrases are also provided for additional reading.

# data[].attributes.attachment_link.readable_text
What Is a Financial Institution (FI)?

A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Financial institutions include a broad range of business operations within the financial services sector, including banks, insurance companies, brokerage firms, and investment dealers.

Virtually everyone living in a developed economy has an ongoing or at least periodic need for a financial institution's services.

Key Takeaways

Understanding Financial Institutions (FIs)

Financial institutions often match savers' or investors' funds with those seeking funds, such as borrowers or businesses seeking to trade shares of ownership for funds. Typically, this leads to future payments from the borrower or business to the saver or investor. The tools for matching all of these parties up include products such as loans, and markets, such as a stock exchange.

At the most basic level, financial institutions allow people to access the money they need. For example, although banks do many things, their primary role is to take in funds-called deposits-from those with money, pool the deposits, and lend the money to others who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (who the bank lends money to).

This works well because while some depositors need their money at any given moment, most do not. So banks can use deposits to make long-term loans. This applies to almost every entity and individual in a capitalist system: individuals and households, financial and nonfinancial firms, and national and local governments.

Financial institutions serve most people in some way as a critical part of any economy-whether in banking, insurance, or securities markets. Individuals and companies rely on financial institutions for transactions and investing. For example, the health of a nation's banking system is a linchpin of economic stability. Loss of confidence in a financial institution can easily lead to a bank run.

The Function of Financial Institutions in Capital Markets

Capital markets are important for functioning capitalist economies because they channel savings and investments between suppliers and those in need. Suppliers are people or institutions with capital to lend or invest. Suppliers typically include banks and investors. Those seeking capital are businesses, governments, and individuals.

Financial institutions play an important role in capital markets, directing capital to where it is most useful. For example, a bank takes in deposits from customers and lends the money to borrowers, ensuring capital markets' efficient function.

Regulation

Governments oversee and regulate banks and financial institutions because the institutions play an integral economic role. Bankruptcies of financial institutions, for instance, can create panic. Federal and state agencies can regulate financial institutions. Sometimes, multiple agencies regulate the same institution.

Federal Depository Regulators

Federal depository regulators oversee commercial banks, thrifts (savings associations), and credit unions accepting customer deposits.

U.S. Federal Reserve (The Fed): Regulator of Federal Reserve System member state banks, foreign banking organizations operating in the United States, and financial holding companies.

Office of the Comptroller of the Currency (OCC): The OCC is responsible for seeing that national banks and federal savings associations operate safely, provide equal access to financial services, treat customers fairly, and comply with applicable laws and regulations. It also regulates U.S. federal branches of foreign banks and federally chartered thrift institutions.

Federal Deposit Insurance Corporation (FDIC): The FDIC regulates federally insured depository institutions, state banks that aren't members of the Federal Reserve System, and state-chartered thrift institutions.

National Credit Union Administration (NCUA): NCUA supervises and insures federally chartered or insured credit unions.

Federal Securities Markets Regulators

Two federal institutions regulate products, markets, and market participants for securities such as stocks, bonds, and derivatives.

Securities and Exchange Commission (SEC): The SEC regulates securities exchanges, broker-dealers, and corporations selling securities to the public; investment funds, including mutual funds; investment advisers, including hedge funds with assets over $150 million; and investment companies.

Commodities Futures Trading Commission (CFTC): The CFTC regulates futures exchanges, futures commission merchants, commodity pool operators, commodity trading advisors, derivatives, clearing organizations, and designated contract markets.

Government-Sponsored Enterprise (GSE) Regulators

These dedicated regulators exclusively oversee government-sponsored enterprises, which are quasi-governmental entities established to enhance the flow of credit to specific sectors of the U.S. economy.

Federal Housing Finance Agency: The FHFA supervises, regulates, and performs oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System.

Farm Credit Administration: This agency regulates Farm Credit System institutions and Farmer Mac, credit sources for eligible persons in agriculture and rural America.

Consumer Protection Regulator

Currently, the Consumer Financial Protection Bureau (CFPB) is the only national consumer entity tasked with exclusively regulating consumer products. CFPB's purview includes nonbank mortgage-related firms, private student lenders, payday lenders, and other large "consumer financial entities," as determined by the CFPB. CFPB is the rulemaking consumer protection authority for all banks and has supervisory authority for banks with more than $10 billion in assets.

State Regulators

States may regulate financial institutions in addition to or instead of federal regulators. For example, there is minimal federal oversight of the insurance industry. Each state government has a department that licenses and regulates insurance companies and any company selling insurance products. States may also regulate banking, securities, and consumer protections in addition to federal regulators who work in those areas.

Types of Financial Institutions

Financial institutions offer various products and services for individual and commercial clients. The specific services offered vary widely between different types of financial institutions. Here are some of the types consumers are most likely to use:

Banks, Credit Unions, and Savings & Loans

These financial institutions accept deposits and offers checking and savings account services; make business, personal, and mortgage loans; and provides basic financial products like certificates of deposit (CDs). They may also act as payment agents via credit cards, wire transfers, and currency exchange.

These types of financial institution can include:

Commercial or private banks

Savings and loans associations

Credit unions

Foreign banks

Savings banks, industrial institutions, thrifts

Investment Companies, Advisors, and Brokers

Investment companies issue and invest in securities (stocks, bonds, mutual funds and ETFs or exchange-traded funds). Mutual funds are one example of a product offered by an investment company, where many investors' money is pooled and invested in stocks, bonds, money market instruments, other securities, or even cash in an ongoing manner.

Other examples of investment-related financial institutions include investment advisors and brokers. Brokers accept and carry out orders to buy and sell investments (such as securities) for customers.

Insurance Companies

Among the most familiar non-bank financial institutions are insurance companies. Providing insurance for individuals or corporations is one of the oldest financial services. Protection of assets and protection against financial risk, secured through insurance products, is an essential service that facilitates individual and corporate investments that fuel economic growth.

Insurance is primarily regulated at the state level, but the U.S. Treasury's Federal Insurance Office (FIO) does monitor the industry and plays an advisory role.

Why Are Financial Institutions Important?

Financial institutions are essential because they provide a marketplace for money and assets so that capital can be efficiently allocated to where it is most useful. For example, a bank takes in customer deposits and lends the money to borrowers. Without the bank as an intermediary, any individual is unlikely to find a qualified borrower or know how to service the loan. Via the bank, the depositor can earn interest as a result. Likewise, investment banks find investors to market a company's shares or bonds to.

What Are the Different Types of Financial Institutions?

The most common types of financial institutions include banks, credit unions, insurance companies, and investment companies. These entities offer various products and services for individual and commercial clients, such as deposits, loans, investments, and currency exchange.

Which Agency Oversees Banking Operations in the United States?

Several agencies oversee banking operations in the U.S., including the Federal Reserve, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA).

What's the Difference Between a Commercial and Investment Bank?

A commercial bank, where most people do their banking, is a type of financial institution that accepts deposits, offers checking account services, makes business, personal, and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
Investment banks specialize in providing services designed to facilitate business operations. This might include raising money through financing and equity offerings, including initial public offerings (IPOs). They also commonly offer brokerage services for investors, act as market makers for trading exchanges, and manage mergers, acquisitions, and other corporate restructurings.

Which Agency Regulates Investment Banking Firms?

The Securities and Exchange Commission (SEC) oversees the operations of investment banks as these banks deal with securities.

The Bottom Line

Financial institutions help keep capitalist economies running by matching people who need funds with those who can lend or invest it. They offer a wide range of business operations within the financial services sector including banks, credit unions, insurance companies, and brokerage firms. Regulatory agencies such as the OCC, the SEC, the FDIC, and the Federal Reserve oversee the operations of financial institutions in the United States.

# data[].attributes.attachment_link.description
A financial institution (FI) is a company that focuses on dealing with financial transactions, such as investments, loans, and deposits.

# data[].attributes.body
The website explains the financial system, its significance, and how the Bank of Canada supports it. Additionally, the website offers connections to several publications and resources about the financial system, including the Financial System Research Centre, the Financial System Hub, and the Financial System Review.

I chose this website because anyone interested in finding out more about the functions and obligations of the Bank of Canada in connection with the financial system should check out this webpage. Additionally, it is a useful resource for anyone seeking access to the most recent financial system data, studies, and research.

# data[].attributes.attachment_link.readable_text
A stable and efficient financial system is essential for sustained economic growth and rising living standards.

The Bank of Canada promotes the economic and financial welfare of Canada by fostering a stable and efficient financial system, which includes banks and credit unions, the financial markets, and clearing and settlement systems. The Bank does this by:

In addition to promoting a sound financial system at home, the Bank contributes to international discussions on important financial system issues, collaborates with other central banks on research into the international financial system and provides technical assistance. The Bank of Canada:

# data[].attributes.attachment_link.description
Canada's financial system consists of financial institutions, such as banks and credit unions; the financial markets; and payments systems.

# data[].attributes.body
The Department of Finance, the Office of the Superintendent of Financial Institutions, the Bank of Canada, the Financial Consumer Agency of Canada, and the CDIC are the five federal government agencies that make up Canada's financial safety net. The websit describes each of these organizations' functions and duties. The article also outlines the methods and instruments that these institutions employ, including regulation, supervision, intervention, liquidity support, deposit insurance, recovery and resolution, and consumer protection and education, to enhance the stability and effectiveness of the financial system.

I chose this because it is also a good source of reference for anyone who wants to access more resources and publications related to the financial system, such as the Financial System Hub, the Financial System Review, and the Financial System Research Centre. The article is authoritative, reliable, and updated, as it is maintained by the CDIC, which is the federal agency that protects depositors and contributes to the resolution of failing financial institutions.

# data[].attributes.attachment_link.readable_text
Bank of Canada

Central Bank

The Bank of Canada is the nation's central bank. Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act.

The Bank has four main areas of responsibility. In implementing Canada's monetary policy, the Bank aims to preserve the value of money by keeping inflation low, stable and predictable. The Bank also promotes safe, sound and efficient financial systems, designs, issues and distributes Canada's bank notes, and acts as fiscal agent and banker for the Government of Canada.

Tools

Policy interest rate

Provision of liquidity to the financial system

Provision of liquidity to individual financial institutions

Oversight and resolution of financial market infrastructures

Analysis and research on financial stability

Coordination with international policy makers such as G7 central banks

For more information, visit the Bank of Canada

# data[].attributes.attachment_link.title
Oversight of Canada's Financial System - cdic.ca

# data[].attributes.attachment_link.description
View or download this infographic that shows CDIC's role in supporting Canada's financial system with other relevant government departments or agencies.

# data[].attributes.body
The article lists the primary risks and weaknesses in Canada's financial system and describes how they have changed in the last 12 months. The Bank of Canada's Governing Council produced the article, which incorporates data received through May 17, 2021.

I chose this article because anyone interested in learning about the current situation, prospects, and variables influencing the stability and effectiveness of the Canadian financial system should read this article. For those who wish to access additional financial system resources and publications, such as the Financial System Hub, the Financial System Review Summary, and the Financial System Research Centre, it is also a useful resource. Because the Bank of Canada, the country's central bank, maintains it, the article is trustworthy, authoritative, and up-to-date.

# data[].attributes.attachment_link.readable_text
Chart 2-A: The Greater Toronto Area, Hamilton and Montréal are showing signs of house price exuberance

House price exuberance heat map

Note: HPEI is the House Price Exuberance Indicator.
Source: Bank of Canada calculationsLast observation: 2021Q1

Description: The Greater Toronto Area, Hamilton and Montréal are showing signs of house price exuberance

Chart 2-A is a heat map that shows the House Price Exuberance Indicator for nine major Canadian cities. The cities are the Greater Vancouver Area, Victoria, Calgary, Winnipeg, the Greater Toronto Area, Hamilton, Ottawa, Montréal and Québec. The sample ranges from the first quarter of 2012 to the first quarter of 2021.

The heat map is characterized by three separate colour groupings. When the house price exuberance indicator of a given city is below 0.95, the heap map displays shades of green. When the indicator is between 0.95 and 1.00, the heat map is coloured in shades of orange. Finally, when the indicator exceeds 1.00, the heat map shows shades of red, meaning the housing market is deemed to be exuberant.

As of the first quarter of 2021, the house price exuberance indicator identifies three cities showing signs of house price exuberance (red shading): the Greater Toronto Area, Hamilton and Montréal. Ottawa is on the cusp of displaying extrapolative expectations too (dark orange). The indicator does not detect signs of house price exuberance elsewhere (shades of green).

Chart 15: Among firms in the finance and insurance industry, 95 percent use at least one cyber risk management arrangement-more than in any other industry

Share of firms within each industry that use at least one cyber risk management arrangement

Note: Cyber risk management arrangements include written policies on cyber security, business continuity plans, employees or managers dedicated to cyber security, regular security updates to the operating system or software, and a cyber security insurance policy.
Sources: Statistics Canada and Bank of Canada calculationsLast observation: 2019

Figure 4-A: Exposure to different types of natural disasters varies by region across Canada

Multi-hazard exposure index, by forward sortation area

Source: The Canadian Disaster Database and Bank of Canada calculations

Description: Exposure to different types of natural disasters varies by region across Canada

Figure 4-A is a map of Canada showing the relative exposure of forward sortation areas to natural disasters.

The map builds on a multi-hazard exposure index that ranges from shades of yellow to orange to dark red. The values are defined as follows:

yellow - Low exposure to all disasters

light orange - Medium exposure to 1 or more disasters

orange - High exposure to 1 disaster

light red - High exposure to 2 disasters

dark red - High exposure to 3 or more disasters

High-exposure areas (light and dark red) are concentrated in British Columbia, the Prairie provinces, Northern Quebec, the Northwest Territories and parts of the Atlantic provinces.

Cryptoassets

The popularity of cryptoassets has continued to increase over the past year. Their market capitalization has risen from about US$200 billion at the start of 2020 to more than US$2 trillion in May 2021. 51 Cryptoassets have become more accessible to investors in recent years with the arrival in Canada of closed-end funds and listed companies dealing in or mining cryptoassets. Over the past year, crypto exchange-traded funds have also emerged. These securities allow investors to access Bitcoin, Ethereum and other cryptoassets without having to hold or trade them directly. However, while these investments have received much attention from the media, their footprint remains small relative to the size of the financial market. In addition, price volatility stemming from speculative demand remains an important obstacle to the wide acceptance of cryptoassets as a means of payment. Despite the broadening institutional interest in cryptoassets, they continue to be considered high risk because their intrinsic value is hard to establish.

Among cryptoassets, stablecoins have emerged as a potential solution to price volatility. 52 Stablecoins are typically backed by a basket of assets, such as national currencies or traditional financial assets. 53 From a financial stability perspective, the less volatile nature of stablecoins could make them more suitable for use as a means of payment and store of value. But stablecoins still share some of the same risks as other cryptoassets. Notably, unless stablecoins are backed exclusively by Canadian dollars, their widespread adoption could inhibit the Bank's ability to implement monetary policy and act as lender of last resort.

The rapid evolution in cryptoasset markets is an emerging financial vulnerability. Despite their growing popularity, these markets are not of systemic importance in Canada, neither as an asset class nor as a payment instrument. But this could change if a large technology firm-a so-called Big Tech-with a sizable user base decided to issue a cryptocurrency that became widely accepted as a means of payment.

The regulatory response is taking form, but challenges remain. At this time, key regulatory challenges associated with cryptoassets include investor protection issues related to cryptoasset trading platforms and the use of cryptoassets in illicit transactions. The classification of cryptoassets and corresponding regulatory responses are also a challenge, given cryptoassets' unique features and the rapid pace at which they evolve.

In the context of its fight against money laundering and terrorist financing, the Financial Transactions and Reports Analysis Centre of Canada has issued new regulations and guidance for the treatment of cryptoassets and virtual asset service providers. 54 Some of these changes came into effect in June 2020 with further requirements starting in June 2021. In addition, the Canadian provincial securities commissions have clarified rules for trading platforms deemed to be dealing in cryptoassets that are securities. 55

The Bank is supporting the financial sector to identify, understand and disclose its climate exposures through the development of scenario-based approaches. As part of a domestic pilot project, the Bank and OSFI have developed financial risk assessment methodologies and a set of Canada-specific climate scenarios that six participating financial institutions will apply to assess their portfolio exposures. 66 Earlier in May, the Bank and the Global Risk Institute hosted a webinar with a broad range of financial sector stakeholders to share the knowledge gained from the pilot thus far. This summer, the Bank and OSFI will conduct a survey of the wider financial sector to examine the feasibility and challenges of broader adoption of the pilot's methodologies. A final report on the pilot project, including the findings from the financial sector questionnaire, will be published toward the end of 2021.

Given the global nature of climate change, the Bank continues to be actively involved in the climate work of a variety of international bodies. The Bank was appointed to the steering committee for the international Network for Greening the Financial System (NGFS). Over the past year, Bank staff have made important contributions within the NGFS to promote a scenario-based approach to disclosures of climate-related risks. 67

# data[].attributes.attachment_link.description
A stable and efficient financial system is essential for sustaining economic growth and raising living standards. In our Financial System Review, we identify the main vulnerabilities and risks in the financial system in Canada and explain how they have evolved over the past year.

# data[].attributes.body
Summary:-This image is a depiction of the names and institution numbers of the main banks and financial institutions in Canada.  To rapidly view the names, institution numbers, logos, and short names of the many banks and financial institutions in Canada, this graphic may be helpful. If you want to use the institution number on a cheque, debit card, or credit card to find the bank or financial institution that issued it, you can also use the image.

# data[].attributes.attachment_link.readable_text
Get a free, no obligation personal loan quote with rates as low as 6.99%

Get Started You can apply with no effect to your credit score

Have you ever wondered how your money is transferred to and from your bank account without getting lost in cyberspace? To make sure your money goes where it's supposed to, your account and your bank are given a unique set of numbers to properly identify them. And part of what makes up this numerical identification is your financial institution number.

What Is A Financial Institution Number?

A financial institution number is a three-digit number that identifies a specific bank. All banks have their own unique institution number. The financial institution number is part of the routing number, along with the five-digit transit number that identifies the bank branch.

Big Banks: Bank Institution Number

Other Financial Institutions: Bank Institution Number

Credit Unions: Bank Institution Number

Airline Financial Credit Union Limited

830

All Trans Financial Services Credit Union Limited

810

Alliance des caisses populaires de l'Ontario Limitée

890

Alterna Savings and Credit Union

842

Arnstein Community Credit Union Limited

808

Central 1 Credit Union British Columbia

809

Central 1 Credit Union Ontario

828

Communication Technologies Credit Union Limited

807

Credit Union Central Alberta Limited

899

Credit Union Central of Manitoba Limited

879

Credit Union Central of Saskatchewan

889

Dundalk District Credit Union Limited

840

Goderich Community Credit Union Limited

844

Golden Horseshoe Credit Union Limited

854

La Confédération des Caisses Populaires et D'Économie Desjardins du Québec

815

La Fédération des Caisses Populaires Acadiennes Limitée

865

La Fédération des Caisses Populaires de l'Ontario Inc.

829

La Fédération des caisses populaires du Manitoba Inc.

819

Latvian Credit Union Limited

803

Meridian Credit Union

837

Ontario Civil Service Credit Union Limited

846

How To Find The Financial Institution Number On A Cheque

The easiest way to find your bank's financial institution number is to look at the bottom of your cheque. It will be the third string of numbers in the sequence of numbers at the bottom of your cheque:

The image of the cheque below illustrates the different components of your bank account number, broken down into four parts:

1. First set: cheque number

2. Second set: five-digit transit number (also known as your routing or branch number).

3. Third set: financial institution number (every bank has a different 3-digit number)

4. Fourth set: bank account number

How Do I Find A Bank Institution Number Without A Cheque?

If you don't have cheques, you can find your financial institution number by logging into your online banking or by checking your bank statement. Otherwise, you can do a quick online search to find out what your bank's financial institution number is. You can also find your bank institution number by simply visiting your closest bank branch and asking the teller for the number.

What Is A Bank Institution Number Used For?

In addition to identifying a specific bank, credit union, trust company or any other financial institution, a bank institution number is required when you set up your bank account for direct deposits, wire transfers, and automatic withdrawals.

Do note that when setting up a direct deposit or automatic withdrawal, you'll need to provide your routing number. This number is represented through your financial institution number and the five-digit transit number that identifies the bank branch.

Your bank's financial institution number ensures that the funds in your bank account can be deposited and withdrawn accurately. It's part of a longer sequence of numbers that properly identifies your financial institution, bank branch, and bank account. Without it, you won't be able to move your money.

Financial Institution Number FAQs

# data[].attributes.attachment_link.title
Canadian Bank Institution Numbers - Loans Canada

# data[].attributes.attachment_link.description
Is your employer or lenders asking for your financial institution number? Find out what it is and where you can find it.

# data[].attributes.body
Summary:- This image is a graphic depiction of the Canadian banknotes that are in use and accepted as legal tender there. Because each banknote features a figure and a theme that are important to Canada, the image can also be useful for someone who want to learn more about the history and culture of the nation.

# data[].attributes.body
A thing that I learned about topic that surprised me the most is The fact that the Bank of Canada is a crown corporation that serves as the nation's central bank rather than a commercial bank startled me the most.

2.A real-life example of how this topic is relevant for me

because A decrease in interest rates would make borrowing money more affordable and saving money more expensive. This would boost demand for products and services and boost the economy. The purchasing power and cost of living of Canadians may be impacted, though, if this also results in a weaker Canadian dollar and a greater rate of inflation.

3. The most crucial information to convey, in my opinion, is that the Bank of Canada and all financial institutions in the country are subject to regulation and oversight by several government organizations and agencies, including the Canadian Deposit Insurance Corporation, the Financial Consumer Agency of Canada, and the Office of the Superintendent of Financial Institutions.

# data[].attributes.headline
Bank of Canada and Financial Institutes. 

# data[].attributes.subject
Bank of Canada and Financial Institutes. 

# data[].attributes.body
The main parts of the Canadian financial system are financial institutions and the Bank of Canada. As the nation's central bank, the Bank of Canada is in charge of issuing the country's currency, establishing monetary policy, and fostering the stability and effectiveness of the financial system.

The information that viewers will learn from this topic:-

1. Who regulates these Banks?

2. What financial services are provided by these financial institutions?

3. How the Bank of Canada and financial institutes work together to ensure the economic and financial well-being of Canadians

# data[].attributes.body
Summary:- This video provides information about the financial institution business that is focused on savings, lending, exchanging, and ensuring their customer's money. These financial institutes provide various services to the customers. The main financial institutes are credit unions, banks, thrifts, brokerage firms, and Insurance companies.

I chose this video because it provides deep information about financial institutes and their function. it provides information about the various types of it, I believe it is a reliable and accurate source of getting information about this topic

# data[].attributes.attachment_link.title
Financial Institutions - Financial Literacy for Teens!

# data[].attributes.body
Summary:-This video tells about RBC the largest and oldest bank in Canada. It offers a wide range of products and services to individuals, businesses, and institutions. They have strong corporate social responsibility.

I chose this video because it provides basic information about the working and functioning of the Bank of Canada. It is a good source of reference for anyone who wants to know about the Bank of Canada and financial system

# data[].attributes.attachment_link.description
35 Likes, TikTok video from InfiniteLtd (@inifiniteltd): "The Biggest Company in Canada #Canada #RoyalBankOfCanada #Economics #Finance #Banking". original sound - InfiniteLtd.

# data[].attributes.body
Summary:-How the Bank of Canada and financial institutes work together to ensure the economic and financial wellbeing of Canadians. It also tells how inflation occurs and how the bank controls it. Provide information about interest rates and tell about how to recognize the real currency notes.

I chose this video because it is interesting and provides deep information about the financial system and explains how banks control inflation and interest rates. For those who want to get additional information about this topic, this is an accurate video.

# data[].attributes.body
Summary:- This video gives details about the condition of Canada's financial system during COVID-19 and provides graphical information about the financial condition of Canadian Banks at that time. There was a dramatic drop in economic activities at that time and the video provides some insights to improve this financial stress during a pandemic.

I believe this video is helpful because one can get knowledge of how economic activities are affected during a pandemic and how the condition of financial institutes was improved. It is a reliable, trustworthy, and informative video to learn about this topic.