Variant of NAICS 1997 - Labour Force Survey (LFS) Industries
7 - Services-Producing Sector
10 - Finance, Insurance, Real Estate and Leasing
52 - Finance and Insurance
This sector comprises establishments primarily engaged in financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions. Included are:
* establishments that are primarily engaged in financial intermediation. They raise funds by taking deposits and/or issuing securities, and, in the process, incur liabilities, which they use to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale and risk.
* establishments that are primarily engaged in the pooling of risk by underwriting annuities and insurance. They collect fees (insurance premiums or annuity considerations), build up reserves, invest those reserves and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.
* establishments that are primarily engaged in providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs.
In addition, establishments charged with monetary control - the monetary authorities - are included in this sector.
523 - Securities, Commodity Contracts, and Other Financial Investment and Related Activities
This subsector comprises establishments primarily engaged in putting capital at risk in the process of underwriting securities issues or in making markets for securities and commodities; acting as intermediaries between buyers and sellers of securities; providing securities and commodity exchange services (furnishing space, marketplaces, and often facilities for the purpose of facilitating the buying and selling of stocks, stock options, bonds or commodity contracts); facilitating the marketing of financial contracts; asset management (managing portfolios of securities); and providing investment advice, trust, fiduciary, custody and other investment services.
5239 - Other Financial Investment Activities
This industry group comprises establishments, not classified to any other industry group, primarily engaged in managing portfolios of securities and providing investment advice, trust, fiduciary, custody and other investment services.
52399 - All Other Financial Investment Activities
This industry comprises establishments, not classified to any other industry, primarily engaged in providing, on a contract or fee basis, miscellaneous financial investment services, such as trust, fiduciary and custody services, and other investment services. Establishments, such as note brokers, oil and gas lease brokers and stock transfer agents, are included.
523990 - All Other Financial Investment Activities
This Canadian industry comprises establishments, not classified to any other Canadian industry, primarily engaged in providing, on a fee or contract basis, miscellaneous financial investment services.
Example Activities:
- Clearinghouses (i.e., commodities or securities)
- Escrow agencies (except real estate)
- Exchange clearinghouses, commodity or security
- Fiduciary agencies (except real estate)
- Personal investment trusts, administration
- Quotation services, securities
- Securities transfer agencies
- Trust companies, nondepository
- Trusts administration
- Trusts administration, personal investment
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