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- Title
'A sacred trust': the trust industry and Canadian economic structure.
- Authors
Richardson, R. Jack
- Abstract
Within the realm of financial institutions, Canadian trust industry has recently developed into a set of institutions that now challenges the domestic hegemony of its banks, as of February 1, 1988. At the same time, this industry has become integrated into several of the dominant Canadian conglomerates, thus blurring the traditional division between financial and non-financial institutions. This article begins by analysing the recent transformation in the structure of Canadian trust industry. It then integrates this into an analysis of similar structural transformations within Canadian economy at large. It concludes by suggesting the social significance of these processes. Over several years, sociologists have conducted many analyses of the structure of Canadian economy. These have concerned relationships between financial and non-financial institutions, there are questions of who controls the dominant Canadian corporations, growing concentration and conglomeration of Canadian economic activity and relationships between Canadian state and the corporate sector.
- Subjects
CANADA; TRUST companies; CONGLOMERATE corporations; ECONOMIC structure; BANKING industry; ECONOMIC indicators; ECONOMIC activity
- Publication
Canadian Review of Sociology & Anthropology, 1988, Vol 25, Issue 1, p1
- ISSN
0008-4948
- Publication type
Article
- DOI
10.1111/j.1755-618X.1988.tb00093.x