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ARTICLE · 12 NOVEMBER 2025

2025 Federal Budget: Financial Sector Highlights

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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On November 4, 2025, Canada's newly elected federal government released its first budget, Budget 2025: Building Canada Strong (Budget 2025).

CanadaFinance and Banking
Liliane Langevin
Liliane Langevin
Bonny Murray
Bonny Murray
Vladimir Shatiryan
Vladimir Shatiryan
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On November 4, 2025, Canada's newly elected federal government released its first budget, Budget 2025: Building Canada Strong (Budget 2025).

Focusing on increasing competition and supporting innovation, Budget 2025 outlines the government's intention to advance a series of significant financial-sector reforms in Canada. Key measures include completing and expanding the legislative framework for open banking in Canada and aligning it with the new retail payments regime, introducing legislation to regulate stablecoins, and strengthening the financial sector's anti-money laundering, fraud risk management and national security oversight frameworks.

Below, we highlight the Budget 2025's key announcements affecting the financial services sector.

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