In addition, in the area of small firm lending, small business loans that simplify the screening process have increased mainly in major U.S. banks. That can also be considered as an expansion of lending business that is not based on the long-term customer relationship.
Canada and other industrial countries are having to cope with these changes. But change is never easy and is often stressful. Even in the large U.S. economy, there has been considerable concern over the uncertain job prospects, especially for unskilled workers, in light of the changes in technology, production and trade trends that I have just described.