In 2024, National Bank Financial achieved the highest investor satisfaction among Canada's leading full-service investment firms. The average ranking of the firms surveyed was *** points, based on a 1,000-point scale.

During the current period, Canadian insurance brokers and agencies have experienced considerable fluctuations due to economic factors and regulatory changes. Concerns at the onset of the period arose as corporate profit dwindled, reducing insurance spending by businesses. Nevertheless, government aid helped bolster disposable income levels, spurring demand from households. Following the economic downturn, the relaxation of restrictions facilitated a rebound in corporate profitability, supporting a fragile yet positive trajectory for industry growth. The combination of high inflation and elevated interest rates offered a mixed bag of outcomes. While higher interest rates cooled investment in property insurance, stable per capita disposable incomes kept demand from individuals fairly elevated, ensuring positive revenue growth during the current period. At the same time, consolidation emerged as a notable trend, as marquee players like Gallagher and Aon forged strategic acquisitions to expand their offerings and capture larger market shares. Insurance agencies and brokers in Canada are also adapting to regulatory changes and technological advancements. New guidelines require clear customer information, stressing operational resilience and risk management. This has raised compliance costs for providers, limiting profit growth. Overall, revenue for Canadian insurance brokers and agencies is anticipated to swell at a CAGR of 2.0% over the five years to 2025 to reach CA$11.1 billion in 2025. This includes a projected 2.1% jump in revenue in the same year. The Canadian economy is projected to experience stable growth, fostering opportunities for insurance brokers and agencies. A steady hike in GDP will elevate wages and disposable income, leading to more insurance purchases. Consumer confidence will drive spending, benefit businesses and increase corporate profit, prompting companies to buy comprehensive insurance policies. Despite these positive trends, potential US tariffs on Canadian goods could impact export-heavy businesses, prompting a shift in target markets for insurance providers. An aging population will also boost demand for health insurance, although public healthcare expansion may reduce reliance on private insurers. Online sales and AI advancements will challenge traditional brokers, necessitating a focus on digital transformation and personalized client services to remain relevant in a mature industry. Overall, revenue for insurance brokers and agencies in Canada is forecast to expand at a CAGR of 2.3% during the outlook period, reaching CA$12.4 billion in 2030.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion, at a CAGR of 10.6% between 2024 and 2029.

The Foreign Exchange Market is segmented by type (reporting dealers, financial institutions, non-financial customers), trade finance instruments (currency swaps, outright forward and FX swaps, FX options), trading platforms (electronic trading, over-the-counter (OTC), mobile trading), and geography (North America: US, Canada; Europe: Germany, Switzerland, UK; Middle East and Africa: UAE; APAC: China, India, Japan; South America: Brazil; Rest of World). This segmentation reflects the market's global dynamics, driven by institutional trading, increasing digital adoption through electronic trading and mobile trading, and regional economic activities, with APAC markets like India and China showing significant growth alongside traditional hubs like the US and UK.
The market is experiencing significant shifts driven by the escalating trends of urbanization and digitalization. These forces are creating 24x7 trading opportunities, enabling greater accessibility and convenience for market participants. However, the market's dynamics are not without challenges. The uncertainty of future exchange rates poses a formidable obstacle for businesses and investors alike, necessitating robust risk management strategies. As urbanization continues to expand and digital technologies reshape the trading landscape, market players must adapt to remain competitive. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. Companies seeking to capitalize on these opportunities must navigate the challenges effectively, ensuring they stay abreast of exchange rate fluctuations and implement agile strategies to mitigate risk.
The ability to adapt and respond to these market shifts will be crucial for success in the evolving market.

What will be the Size of the Foreign Exchange Market during the forecast period?

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In the dynamic and intricate realm of the market, entities such as algorithmic trading, order book, order management systems, and liquidity risk intertwine, shaping the ever-evolving market landscape. The market's continuous unfolding is characterized by the integration of various components, including sentiment analysis, Fibonacci retracement, mobile trading, and good-for-the-day orders. Market activities are influenced by factors like political stability, monetary policy, and market liquidity, which in turn impact economic growth and trade settlement. Technical analysis, with its focus on chart patterns and moving averages, plays a crucial role in informing trading decisions. The market's complexity is further amplified by the presence of entities like credit risk, counterparty risk, and operational risk.

Central bank intervention, order execution, clearing and settlement, and trade confirmation are essential components of the market's infrastructure, ensuring a seamless exchange of currencies. Geopolitical risk, currency correlation, and inflation rates contribute to currency volatility, necessitating hedging strategies and risk management. Market risk, interest rate differentials, and commodity currencies influence trading strategies, while cross-border payments and brokerage services facilitate international trade. The ongoing evolution of the market is marked by the emergence of advanced trading platforms, automated trading, and real-time data feeds, enabling traders to make informed decisions in an increasingly interconnected and complex global economy.

How is this Foreign Exchange Industry segmented?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market is a dynamic and complex ecosystem where various entities interplay to manage currency risks and facilitate international trade. Reporting dealers, as key participants,

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North America Financial Advisory Services Market Size 2025-2029

The financial advisory services market size in North America is forecast to increase by USD 9.81 billion at a CAGR of 4.7% between 2024 and 2029.

The Financial Advisory Services market is experiencing significant growth, driven by the increasing complexity of financial markets and the rising adoption of digital transformation. As financial markets become more intricate, the need for expert advice and strategic planning has become essential for businesses and individuals seeking to optimize their financial portfolios. Simultaneously, the integration of technology into financial advisory services is revolutionizing the industry, enabling more efficient and personalized services.


However, this digital transformation also brings new challenges, such as heightened cybersecurity risks, which financial advisory firms must address to protect sensitive client data and maintain trust. These trends and challenges underscore the importance of staying informed and agile in the ever-evolving financial advisory landscape. Software developers and data scientists contribute to the development of advanced financial technology, including portfolio management tools, mobile banking apps, and digital marketing platforms.

What will be the Size of the Market During the Forecast Period?

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In the dynamic financial advisory services market, various players offer a range of solutions to cater to diverse client needs. Financial advisors and wealth managers employ financial planning services, investment platforms, and portfolio optimization software to help clients build and manage their wealth. Portfolio managers utilize regulatory reporting software and compliance software to ensure adherence to regulatory requirements. Risk assessment models and financial modeling tools are essential for insurance planning services and investment advisory services, enabling accurate forecasting and mitigating potential risks. Cybersecurity solutions and data privacy solutions are increasingly sought after to safeguard sensitive financial data. Insurance brokers and tax advisors offer specialized expertise in their respective domains, while investment bankers facilitate large financial transactions.


Compliance officers ensure adherence to regulatory frameworks, while financial education resources and financial literacy programs promote financial understanding and informed decision-making. Retirement planning services and estate planning services provide long-term financial security solutions. Valuation software and investment banking services facilitate mergers and acquisitions, enabling businesses to grow and evolve.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  Corporate finance
  Accounting advisory
  Tax advisory
  Transaction services
  Others


End-user

  Large enterprises
  SMEs


Application

  BFSI
  IT and telecom
  Manufacturing
  Retail and e-commerce
  Others


Geography

  North America

    US
    Canada
    Mexico

By Service Insights

The corporate finance segment is estimated to witness significant growth during the forecast period.

Corporate finance services are a significant part of the market, offering strategic guidance and transactional support to businesses in various sectors, including manufacturing and sales. These services encompass a broad spectrum of activities, including optimizing capital structures, facilitating mergers and acquisitions, securing equity and debt financing, and managing financial risks. In the realm of corporate finance, financial advisors help businesses make informed decisions about investments, divestitures, and capital allocation strategies to enhance shareholder value and achieve strategic objectives. They provide expertise in areas such as debt restructuring, potential acquisition evaluations, and financial due diligence, enabling businesses to navigate complex financial transactions and capitalize on growth opportunities.

Additionally, financial advisors utilize advanced tools like machine learning, big data analytics, and financial technology to provide data-driven insights and recommendations. Wealth management, risk management, and estate planning services are also essential components of the financial advisory services market, catering to high-net-worth individuals, endowment funds, and institutional investors. These services focus on managing and growing assets, minimizing risks, and ensuring financial security through effective tax planning, investment strategies, and financial education. Furthermore, the integration of digital advice, digital tr

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Securities Exchanges Market Size 2025-2029

The securities exchanges market size is forecast to increase by USD 56.67 billion at a CAGR of 12.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for investment opportunities. This trend is fueled by a global economic recovery and a rising interest in various asset classes, particularly in emerging markets. Another key driver is the increasing focus on sustainable and environmental, social, and governance (ESG) investing. This shift reflects a growing awareness of the importance of long-term value creation and the role of exchanges in facilitating socially responsible investments. This trend is driven by the expanding securities business units, including stocks, bonds, mutual funds, and other securities, which cater to the needs of investment firms and individual investors. However, the market is not without challenges. Increasing market volatility poses a significant risk for exchanges and their clients.
Furthermore, the rapid digitization of trading and the emergence of alternative trading platforms are disrupting traditional exchange business models. To navigate these challenges, exchanges must adapt by investing in technology, expanding their product offerings, and building strong regulatory frameworks. Data analytics and big data are also crucial tools for e-brokerage firms to gain insights and make informed decisions. By doing so, they can capitalize on the market's growth potential and maintain their competitive edge. Geopolitical tensions, economic instability, and regulatory changes can all contribute to market fluctuations and uncertainty.

What will be the Size of the Securities Exchanges Market during the forecast period?

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In the dynamic market, financial instrument classification plays a crucial role in facilitating efficient trade matching through advanced execution quality metrics and order book liquidity. Quantitative trading models leverage options clearing corporation data to optimize portfolio holdings, while trade matching engines utilize high-speed data storage solutions and portfolio optimization algorithms to minimize latency and enhance market depth indicators. Data center infrastructure and network bandwidth capacity are essential components for supporting complex algorithmic trading strategies, including latency reduction and price volatility forecasting. Market impact measurement and risk assessment methodologies are integral to managing market impact and mitigating fraud, ensuring regulatory compliance through transaction reporting standards and regulatory compliance software.

Exchange traded funds (ETFs) have gained popularity, necessitating robust quote dissemination systems and trade surveillance analytics. Server virtualization and cybersecurity threat mitigation strategies further strengthen the market's resilience, enabling seamless integration of data-driven quantitative models and sophisticated fraud detection algorithms. Additionally, users of online trading platforms can easily monitor the performance of their assets thanks to real-time stock data.

How is this Securities Exchanges Industry segmented?

The securities exchanges industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  Market platforms
  Capital access platforms
  Others


Trade Finance Instruments

  Equities
  Derivatives
  Bonds
  Exchange-traded funds
  Others


Type

  Large-cap exchanges
  Mid-cap exchanges
  Small-cap exchanges


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Switzerland
    UK


  APAC

    China
    Hong Kong
    India
    Japan


  Rest of World (ROW)

By Service Insights

The Market platforms segment is estimated to witness significant growth during the forecast period. The market is characterized by advanced technologies and systems that enable efficient price discovery, manage settlement risk, and ensure regulatory compliance. Market platforms, which include trading platforms, order-matching systems, and market data dissemination, hold the largest share of the market. These platforms facilitate the buying and selling of securities, providing market liquidity and transparency. Real-time market surveillance and high-frequency trading infrastructure are crucial components, ensuring fair and orderly markets and enabling efficient trade execution. Financial modeling techniques and algorithmic trading platforms optimize trading strategies, while electronic communication networks and central counterparty cleari

Based on 2023 brokerage revenues from U.S. clients, the largest insurance broker in the United States is Marsh & McLennan Cos Inc. At this time, the New York-based professional services firm reported revenues from U.S. insurance broking of over **** billion U.S. dollars. The next largest insurance broker in the U.S. market - Aon - is a UK-based company with *** billion U.S. dollars in brokerage revenue from the U.S. market.

The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.