Canada needs modern payment legislation to drive safe innovation

What’s necessary are legislative reforms that support broader access, while continuing to build and operate payment systems that are safe, secure, and flexible.
In the next budget, Finance Minister Chrystia Freeland should consider making amendments to the Canadian Payments Act to meet the changing needs of Canadians, as well as the high standards of safety and security they have come to expect, writes Lisa Sattler.

Digitization continues to change our lives—how we communicate, shop, work, and play. Canada’s payment landscape is no exception. Continued payment innovation in Canada, similar to the rest of the world, has been critical to accelerating our digitalization journey. This, ...

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