For the different financial service institutions below, select two different types and explain two advantages and disadvantages in a point form note, for a consumer looking for a similar financial service (e.g., a loan, insurance). Check out the Office of Superintendent of Financial Institutions for up to date information. Share with your teacher. 68 13 Domestic 44 18 (32) Foreign (23) ACTRA Bank of Alterna Savings and Canada BMO London Life Montreal/ Credit Union Trust . um Mortgage Insurance Bank of Company .Corp. Company China (Canada) Domestic -regulated by provinces -because of -several in -federal and -institution banks its fiduciary liquidation provincial that has a regulated -co-operative role: a trust governments representative by Bank company share form of provide chequing Act. accounts, mortgages, can jurisdiction government. Foreign business loans and administer over life and bank operated for Investment advice. But, estates, health subsidiaries trusts insurers. fraternal, every credit union's are Board of Directors pension benevolent or regulated plans and -federal religious consists of under the agency supervision purposes, democratically elected Bank Act contracts, encompasses including the members from their Foreign community. Locally which insurers insurance of bank incorporated members, or elected boards of banks are subsidiaries directors are how we not or continued the spouses/ are understand what's permitted to under the common law controlled important to our administer. Insurance partners or by eligible members and how we Companies children of foreign -regulated- keep our decisions Act as well as members, institutions under Trust based on local realities. foreign against and Loan Rooted in this co- insurers who accident, Companies operative structure, the have been sickness. Act credit union difference is granted an disability or all about service - to order to death members and to insure in communities. Canada risks Source: Canada. Office of Superintendent of Financial Institutions. 2017