Tagged: canada

September 27, 2026 @ 11:29 am By Omar Faridi  |  

Canada’s lenders have recently launched a joint effort to study a Canadian-dollar tokenized deposit system, aiming to keep the country’s payments rails competitive as digital money develops worldwide. On September 22, 2026, Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank,… Read More

September 18, 2026 @ 3:51 pm By Omar Faridi  |  

Portage, the fintech-focused investment platform within Sagard, has completed fundraising for its fourth venture vehicle, Portage Ventures IV, at roughly $600 million. The close, announced on September 16, 2026, arrives as the firm marks a decade of backing companies that are changing how financial services… Read More

September 12, 2026 @ 6:55 pm By Omar Faridi  |  

Canada’s federal banking watchdog has given financial institutions clearer room to experiment with deposits recorded on digital ledgers. On September 10, 2026, the Office of the Superintendent of Financial Institutions published a short statement confirming that a deposit does not become a new legal product… Read More

August 14, 2026 @ 8:35 am By Omar Faridi  |  

Canada’s Bank of Montreal (BMO) (BMO.TO) has reported a minimal position in XRP-related exchange-traded funds as part of its latest quarterly holdings disclosure to US regulators. The Form 13F-HR filing, submitted on August 12, 2026, covers reportable securities held as of June 30, 2026, and… Read More

August 12, 2026 @ 5:35 pm By Omar Faridi  |  

Two of Canada’s financial institutions, Royal Bank of Canada (RBC) and Bank of Montreal (BMO), have reached an agreement to sell their jointly owned payments processing company, Moneris Solutions Corporation, to the technology-focused private equity firm Francisco Partners. The all-cash deal is valued at approximately… Read More

July 1, 2026 @ 8:21 am By Omar Faridi  |  

Webull Canada is preparing to introduce cryptocurrency trading for its clients after receiving approval from the Canadian Investment Regulatory Organization (CIRO). The announcement, made on June 30, 2026, marks a significant expansion for the online investment platform and its subsidiary, Webull Canada Crypto. The move… Read More

May 20, 2026 @ 2:41 pm By Omar Faridi  |  

Royal Caribbean International has teamed up with Affirm (NASDAQ: AFRM) to introduce straightforward pay-over-time solutions for cruisers in the United Kingdom and Canada. Announced this month, the collaboration allows holidaymakers to spread the cost of their bookings without the stress of hidden fees or surprise… Read More

May 7, 2026 @ 10:05 pm By Omar Faridi  |  

Visa (NYSE: V) has rolled out its Agentic Ready initiative to issuers in Canada and Malaysia, marking another step in its global push to ready the payments industry for a future shaped by artificial intelligence. This program equips banks and partners with a secure testing… Read More

May 5, 2026 @ 3:35 pm By Omar Faridi  |  

Wise (LON:WISE) has rolled out a new Interest feature for its customers in Canada, marking the first time a provider in the country has allowed users to earn competitive returns on balances held in multiple currencies—all within a single, unified multi-currency account. The cross-border payments… Read More

May 5, 2026 @ 1:41 pm By Omar Faridi  |  

Canada’s largest banks are advancing negotiations to offload their long-standing payments processing partnership. The Royal Bank of Canada and the Bank of Montreal are reportedly engaged in advanced discussions to transfer ownership of their jointly held enterprise, Moneris, to the U.S. private equity firm Francisco… Read More

April 29, 2026 @ 7:53 am By Omar Faridi  |  

The Canadian federal government has unveiled plans to outlaw cryptocurrency automated teller machines (ATMs) nationwide. The announcement, embedded in the Spring Economic Update 2026 released on April 28, positions the ban as a direct response to the machines’ increasing exploitation by scammers and money launderers…. Read More

April 28, 2026 @ 9:58 am By JD Alois  |  

A recent report highlights private funding for Canadian tech firms, noting that $1.5 billion was raised in Q1 2026, down 8% from Q1 2025. At the same time, Q1 numbers were an increase of 10% versus Q4 2025. The report by Tracxn said that Canada… Read More

April 27, 2026 @ 6:07 am By Tony Zerucha  |  

A new interactive tool from NordVPN lets users calculate the value of their digital identities. And if you’re Canadian, it ain’t much. Working in collaboration with the threat exposure management platform NordStellar, NordVPN analyzed almost 75,000 dark web marketplace listings and found that Canadians’ personal… Read More

April 13, 2026 @ 2:22 am By Omar Faridi  |  

With the recent Royal Assent of Bill C-15, Canada is now said to be moving forward on a proper framework for stablecoins. The nation’s Department of Finance has started the development of applicable regulations to support safe, reliable digital payment options for Canadian consumers. As… Read More

April 3, 2026 @ 6:39 pm By Tony Zerucha  |  

New research from the CPPO, the nonprofit organization fueling the growth of the $14 billion open-loop prepaid economy, shows Canadians are expanding how they manage, move, and grow their money by combining traditional and digital-first providers that better align with their lifestyles. The shift reflects… Read More

March 29, 2026 @ 2:35 pm By Omar Faridi  |  

Canada is set to prohibit cryptocurrency contributions to federal political campaigns, mirroring a recent step taken by the United Kingdom to curb similar risks. The proposed legislation, known as Bill C-25 or the Strong and Free Elections Act, was tabled in Parliament on March 26… Read More

March 15, 2026 @ 9:25 am By Tony Zerucha  |  

RedotPay, a global stablecoin-based payment fintech, has expanded its global regulatory framework through licensing milestones in Argentina, Canada, and the United States. It secured a Money Services Business (MSB) registration in Canada, a FinCEN MSB in the U.S., and a Virtual Asset Service Provider (VASP)… Read More

March 10, 2026 @ 8:23 pm By Omar Faridi  |  

Xero has indicated that Canadian small businesses faced a sharp slowdown in the closing months of 2025, with sales growth tumbling to levels last seen during the depths of the global health crisis. The latest quarterly snapshot from Xero’s Small Business Insights program paints a… Read More

January 29, 2026 @ 8:43 am By Omar Faridi  |  

Fintech firm Wise (LON:WISE) has secured membership in Payments Canada, marking it as one of the inaugural Payment Services Providers (PSPs) to join the organization. This development, announced on January 27, 2026, underscores Wise’s commitment to enhancing cross-border payment solutions for Canadian users and businesses…. Read More

January 28, 2026 @ 12:42 pm By Tony Zerucha  |  

GFT and Ozone API are partnering to launch North American institutions into the open banking arena, a market expected to top $48 billion in 2026. Due to Budget 2025’s acceleration of the Consumer Driven-Banking Act, the future of open banking in Canada is actively unfolding…. Read More