Latest budget a big step for Canada’s financial services ecosystem

The government will finally advance Canada towards consumer-driven finance when it tables legislation signalled in April’s budget.

The consumer-driven banking framework in Finance Minister Chrystia Freeland’s 2024 budget presents an important advancement in financial services, writes Steven Boms.The Hill Times photograph by Andrew Meade

Opinion

BY STEVEN BOMS

May 1, 2024

More than six years ago, the government announced in the 2018 federal budget its intention to design and implement an open finance regime in Canada. The minister of finance created the Advisory Committee on Open Banking, which, over 18 months, crafted detailed recommendation...

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