In Newmarket, Ontario, Black-owned banking, insurance, investments, and financial services play a significant role in empowering the Black community and enhancing financial literacy and stability. Financial advisors, investment advisors, and insurance agents offer tailored guidance to help Black individuals and families build wealth and manage their finances effectively. By providing personalized services such as retirement planning, investment management, and insurance coverage, these businesses support clients in making informed financial decisions. Examples of popular financial transactions include securing mortgage financing, investing in stocks or mutual funds, and obtaining life insurance. By assisting African Canadians and other residents of Newmarket with these services, Black-owned financial businesses help circulate the Black dollar more effectively, fostering economic growth and resilience within the community.