A new CCPA study finds that the traditional financial banking sector is not meeting the needs of all Canadians. According to the study there are many Canadians in large regions of the country not served by banking institutions, and an estimated 3% to 15% of Canadians do not have a bank account.
The study, by independent researcher John Anderson, suggests that the reintroduction of postal banking in Canada would offer access to financial services not now available to many Canadians. Anderson looks at five successful postal banking models in industrialized countries with relevance to Canadian options and demonstrates how postal banking would succeed in Canada and help improve and stabilize Canada Post’s services and revenues.
Read more in the full report: Why Canada Needs Postal Banking.
Ce rapport est aussi disponible en français: Pourquoi le Canada a besoin de services bancaires postaux.