Innovation news

Canada’s move toward formal open banking rules in 2025 marks a turning point for fintech development. For years, startups built their tools by scraping data from online accounts. The new data-sharing framework replaces that fragile approach with verified, consent-based access to financial information. Builders of cash‑flow platforms, payroll link services, and SME payment systems are now reshaping their code and compliance models to align with new accreditation and liability

Canada’s new Indigenous loan guarantee program is beginning to reframe how communities participate in the clean economy. By backstopping equity investments in major projects—ranging from transmission corridors and mine expansions to biofuel and hydrogen ventures—the program opens financial doors that were often out of reach. For many Indigenous groups, it offers a clearer route to long-term revenue and influence in resource governance rather than short-term benefit agreements

Canada’s financial landscape is approaching a historic transition. Enforcement of the Retail Payment Activities Act on September 8, 2025, will mark the first comprehensive federal oversight of payment service providers, requiring them to register and embed compliance in their systems from the start. For small and mid-sized firms, that represents both a hurdle and a gateway: a moment to prove that transparency and consumer trust can coexist with faster, more creative financial

Across Canada, a growing wave of Indigenous entrepreneurs is redefining what innovation looks like in practice. Instead of adopting...