In contrast, the Porter Commission felt that the somewhat more liberal financial regime in Canada was by and large working effectively. The financial system had played a central role in the post-war expansion, especially in the smooth financing of the tremendous wave of investment in the 1950s.
Moreover, at the time it was undergoing considerable change, in response to the evolving demands in the financial markets of households, firms and governments. On the basis of this encouraging experience, the Porter Report came out strongly in favour of increased competition and deregulation. It was aware that this might entail some risks, but thought they were worth taking.