Canada is ready for open finance and it’s time the government deliver

If the government is serious about supporting consumers’ financial wellbeing and encouraging competition, it's time to prioritize the open finance file to give all Canadians the modern financial system we deserve.

Finance Minister Chrystia Freeland, left, tapped Abraham Tachjian as Canada’s Open Banking Lead in April 2022. Tachjian quickly convened working groups that provided input and feedback. But almost a year later, the government is no further ahead, leaving stakeholders puzzled and frustrated, says Steve Boms. The Hill Times photograph by Andrew Meade

Opinion

BY STEVE BOMS

June 8, 2023

For the past several years, Canada has sat back and watched most of the world’s largest economies advance their implementation of 21st-century open finance regimes, delivering new levels of consumer choice, connectivity, and market competition. In Ottawa, disagreements ove...

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