Faster payments and true transparency: delivering payments modernization in Canada

An instant payment system is the final step in expanding access to payments infrastructure for non-banks in Canada. The government was right to reiterate its promise to make that happen in 2026.

Finance Minister François-Philippe Champagne's budget highlights a firm commitment to move forward with consumer-driven banking by publishing clear regulations and designating the Bank of Canada as the regulator, writes Brigit Carroll.The Hill Times photograph by Andrew Meade

Opinion

BY BRIGIT CARROLL

December 29, 2025

The 2025 federal budget was a clear and significant step forward for payments modernization efforts in Canada. The government’s emphasis on bringing greater competition and innovation to the financial sector comes at a crucial moment as people and businesses crave modern s...

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Weekend Point of View Newsletter

A round up of the past weekâ€™s opinion writers and columnists on Saturdays and Sundays.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy