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Recent Finance News & Reports
The Career Foundation’s Workforce Development Centre provides labour market information, sector trends and initiatives, and workforce development planning opportunities to address labour market needs for our communities. See below for recent Finance Sector news and reports.
COVID-19 News — Finance Sector
Reshaping Retail Banking for the Next Normal
Small Business, Big Impact: How SMEs are Pivoting During COVID-19
Coronavirus: How It Impacts the Financial Service Sector
COVID-19 and the Banking and Capital Markets Industry
Finance Sector Reports
Workforce Strategies for a Post-COVID-19 Recovery Workbook
“The first priority during the COVID-19 pandemic has been crisis response and emphasizing health and safety, essential services, and the virtualization of work and education. HR leaders, in particular, have been at the centre of their organization’s rapid response to this crisis, and have been playing a central role in keeping the workforce engaged, productive and resilient. Understandably, recent priorities have been focused almost exclusively on the respond phase. As progress is made against respond efforts, another reality is forming quickly. Now is the time for HR leaders to turn their attention toward recover, to ensure their organizations are prepared to thrive.”
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Increasing Organizational Resilience in the Face of COVID-19
“The rise of the recent coronavirus identified the need that enterprises must increase corporate resilience and help ensure community well-being by embracing virtual collaboration tools and practices. Recently your company may have decided – or will soon decide — to perform all work virtually in response to the spread of the virus. What does this mean for your business? Is this a short-term anomaly or a long-term trend? How does your organization continue to work and create value in this new environment?”
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2019 Digital Trends: Financial Services in Focus
“This report is based on a sample of around 500 industry leaders who were among almost 13,000 digital professionals taking part in the annual Digital Trends survey carried out at the end of 2018. The research, conducted by Econsultancy in partnership with Adobe, is a barometer of the extent to which financial services and insurance organizations are embracing digital technology, and how they are focusing their strategies and prioritizing resources for the years ahead.”
Financial Services Talent Trends 2019: Rethinking Strategies for Building a Digitally Skilled Workforce
“Ten years ago, only approximately 50% of the CEOs of financial services (FS) companies saw skills shortages as a threat to their growth prospects. According to PwC’s 22nd Annual Global CEO Survey, it’s now 76%. This shortage of key skills is affecting everything an FS organization does, including staffing, innovation and customer experience. So far, industry leaders have generally responded to this challenge with more of the same talent strategy: developing skills from within and attracting employees away from competitors. A few forward-looking exceptions aside, most FS organizations aren’t focusing closely on fresh approaches.”
Toronto on the Global Stage: 2018 Report Card on Canada and Toronto’s Financial Services Sector
“Financial services are a critical component of the Canadian economy. The sector directly accounted for 4.5 per cent of Canadian employment and 7.1 per cent of Canadian GDP in 2017. What is more, the sector has been a source of growth for Canada in recent years. This report assesses Toronto’s role in Canada’s financial services sector. This includes examining the sector’s importance for the economies of Toronto and Canada. Finally, the report also examines how Toronto’s financial services sector fares in global rankings and how the city compares with other global financial centres.”
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