Canada

(Senior Deputy Governor Carolyn) Rogers’ remarks are at odds with findings from a 2007 Bank of Canada report, which maintained that Canada’s financial services industry is indeed highly concentrated but also efficient and competitive. The heads of Canada’s major banks have made similar arguments. In April, National Bank CEO Laurent Ferreira said “an oligopoly is actually a good thing” because it makes it easier for lenders to coordinate in a crisis, while RBC CEO Dave McKay last year described Canada’s banking system as a “ruthlessly competitive” oligopoly.

Only a banking exec would state that an oligopoly is a 'good thing'. 🙄