Canada's OPEN BANKING: What It Means for You
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In this episode, we explore Canada's steps towards open banking. The Financial Consumer Agency of Canada and the Ministry of Finance have allocated funding to establish an open banking framework by 2025, enabling secure, standardized data sharing. This development aims to enhance competition, innovation, and security in the financial sector, benefiting consumers and businesses alike.
Also in this episode:
🔧 A growing shortage of skilled tradespeople is impacting multiple sectors, driving up costs for consumers and businesses, particularly in construction and hospitality.
đźš— Tesla's stock soars following news of expanded driver-assistance technology in China, aided by a partnership with Baidu, and lifting of restrictions.
đź’Ľ The Canadian government imposes financial sanctions on Canada Life, addressing ongoing issues with the public service health insurance plan transition.
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