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Loan Administration, Cheque Cashing & Other Services in Canada - Industry Market Research Report

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    Report

  • 36 Pages
  • November 2021
  • Region: Canada
  • IBISWorld
  • ID: 3972457

Loaned out: Increased payday loan regulation will likely dampen industry profit growth

Loan Administration, Cheque Cashing & Other Services in Canada

Over the five years to 2019, consumption-based growth, a significant portion of which is debt-financed, drove Canada's economy. Canadian consumers' appetite for debt has boosted the Loan Administration, Cheque Cashing and Other Services industry in Canada by sustaining demand for consumer financing, mortgages and cash services for businesses. GDP growth in Canada has largely been driven by trends in consumption. As interest rates have remained low over the past five years, Canadians have continued to demand industry products. Increased external competition from commercial banks, credit unions and emerging financial technology companies will put downward pressure on industry services such as cheque cashing, money order issuance, travellers' cheque issuance and payday loans over the five years to 2024.

Operators in the Loan Administration, Cheque Cashing and Other Services industry in Canada service loans, most notably mortgages. It does not originate loans, which includes legally arranging and issuing the loan. Servicing loans includes performing all the administrative aspects of the loan. The industry also performs money transmission services, which include selling and cashing traveller’s cheques, money orders and cashier’s cheques, while also renting safe deposit boxes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources

INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle

PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations

COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization

MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance

KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios

JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • National Money Mart Company
  • Cash Money
  • Cash 4 You Corp.

Methodology

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