fintech / news / / The Globe and Mail
Finance Minister François-Philippe Champagne says the federal budget provides long-awaited regulatory certainty needed to bolster investment in financial services.
The federal budget introduces legislation for open banking and stablecoin regulation to increase competition.
KEY POINTS
- 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
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