Most of the people I know in Toronto who are in Finance/Banking have a background in accounting. My theory is this:
A) Canada’s finance industry is relatively small compared to the rest of the world so there are less opportunities in Finance/Banking positions, firms can be picky
B) Toronto has the largest CFA holder per capita in the world, firms can be picky
C) Canada’s financial markets are well regulated so you need someone who is up to date with financial regulation, firms can be picky