# Finance Minister François-Philippe Champagne says the federal budget provides long-awaited regulatory certainty needed to bolster investment in financial services.

*fintech · news · 2025-11-06 · The Globe and Mail*

## Key points

- The federal budget introduces legislation for open banking and stablecoin regulation to increase competition.
- Rule changes will make it easier for smaller banks and credit unions to expand their businesses.
- Ottawa further cracked down on bank fees, including transferring investment accounts between institutions.
- The government did not include measures to ease previous tax hikes or reduce regulatory burden on big banks.

**Companies:** Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada
**Countries:** Canada

[Read the full story on The Globe and Mail](https://www.theglobeandmail.com/business/article-francois-philippe-champagne-federal-budget-open-banking-competition/)

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