Finance Canada targets end of 2025 for open banking to go live

Industry groups have urged the government to move quickly to implement open banking, a long-delayed set of rules that would allow Canadians to ...

... , any changes may not come fast enough to encourage innovation or allow smaller financial players compete with larger institutions.

The Canadian Government's Budget 2025 should provide for the “rapid” implementation of Open Banking in Canada and should also outline a ...

The Canadian government has promised open banking legislation by the end ... 2025 to prepare ... Sustainable Finance Live · NextGen Nordics ...

After the go-live date in September 2025, registered PSPs will have some reporting responsibilities. Like other aspects of the regulations, ...

The Department of Finance in a policy statement last year wrote that legislation could be adopted, with the "necessary government framework," by ...

Plans to introduce open banking in Canada are moving ahead in low gear, and there are no signs the federal government is likely to speed ...

In 2024–2025, we will leverage these findings as part of our expanded role to oversee, administer and enforce a consumer-driven banking ...

But credit card debt and auto loans may experience sluggish growth as consumers face greater financial pressures. In addition, the uncertainty ...

The goal now for open banking in Canada, rebranded as CDB, is full implementation in 2025. Building open banking regulation in Canada: A ...

In Canada, the Financial Consumer Agency is working on open banking, or what they are calling consumer-driven banking. The US and Canada have ...

The last Canadian government budget announced that it would table legislation as early as this Spring, with a follow-up next Fall, ...

Kirsten Fraser, director, financial services innovation at Finance Canada, told delegates at Open Banking Expo Canada that the Department of ...

To ensure Canadians benefit from effective oversight of financial data sharing, Canada's framework for consumer-driven banking will mandate a ...

Ultimately, the goal of open banking is to go beyond data sharing to “buying” various financial services and products. We already see this ...

I'm pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada's Monetary ...

Join Alex McFadyen, Mortgage Broker and Owner of Flow Mortgage Co., as he delves into crucial topics surrounding the Canadian real estate ...

And the new targets for permanent inflows for 2025, 2026, and 2027 — 395,000, 380,000, and 365,000, respectively — are also well above pre- ...

The government announced Tuesday the Financial Consumer Agency of Canada (FCAC)—the country's top consumer-protection watchdog—will oversee the ...

In 2025, Canada's newcomer target is 395,000 new permanent residents (PRs). In 2026, Canada will see a reduction in permanent resident ...