Strengthening Banking in Inner-cities: Practices & Policies to Promote Financial Inclusion for Low-Income Canadians
The report begins by defining and quantifying Canadian financial exclusion and then presents various theories offered to explain it. It then proceeds to provide a set of suggestions as to how banking services can become more relevant for low-income households. Finally, it runs through a set of policy options that could promote financial inclusion. To provide evidence or examples, this paper draws on research on financial exclusion conducted in Winnipeg in the last five years.