Industry Overview

Recognized as a strong regional financial centre with a growing national presence – Edmonton’s Finance & Insurance sectors are major economic drivers for the City and Western Canada. With over $141 Billion in major capital projects planned in the Northern Alberta region, Edmonton’s Financial Services industry is well positioned for future growth.

Edmonton is home to one of Canada’s largest pension fund managers, Alberta Investment Management Corporation (AIMCo), Western Canada’s two largest banks, ATB Financial (ATB) and Canadian Western Bank Group (CWB) and Alberta’s largest credit union, Servus Credit Union. More than $145 billion dollars in assets are managed by companies headquartered in Edmonton, Alberta’s capital city. These assets are broken down into the following categories:

• Investment Management Assets: $ 88 Billion
• Banks & Credit Union Assets: $50.6 Billion
• Insurance Assets: $7.39 Billion

To read more about the major financial institutions in the city, click here. 

Edmonton: on track to a great future

Alberta Finance and Enterprise states that more than $141 Billion worth of capital projects have been invested in Northern Alberta, primarily towards Infrastructure, the Oil Sands and Pipeline Expansion. Edmonton’s proximity to the Oil Sands ensures continued inflow of capital to our region, which in turn supports the Finance and Insurance sectors. In fact, these two sectors, together with the Real Estate sector (as measured by Stats Canada), have exceeded the combined GDP growth for all Edmonton sectors in six out of the ten years from 2000 to 2009.

EEDC offers many services and is committed to working with our current business partners and creating new partnerships. For a list of additional resources, click here.

Contact:
Greg Bainbridge
Economic Development Officer 
780.917.7634
1.800.661.6965
GBainbridge@Edmonton.com