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ARTICLE · 30 SEPTEMBER 2025

Consumer Protection In Canada: Where We Are And Where We're Going

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Canada's financial industry is undergoing a period of rapid change. Driven by the rise of fintechs, digital currencies, artificial intelligence (AI) and open banking initiatives, federal and provincial regulators...

CanadaFinance and Banking
Brigitte Goulard
Brigitte Goulard
Matthew Angelus
Matthew Angelus
Peter Aziz
Peter Aziz
Marissa Daniels
Marissa Daniels
Hailey Schnier
Hailey Schnier
James Flynn
James Flynn
Krystelle Metras
Krystelle Metras
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Canada's financial industry is undergoing a period of rapid change. Driven by the rise of fintechs, digital currencies, artificial intelligence (AI) and open banking initiatives, federal and provincial regulators are responding with reforms to modernize legislative frameworks, while also working to integrate Canada's domestic economy in response to U.S. tariffs.

In this article, we consider the shifting provincial and federal approaches to consumer protection, assess the current environment and offer our views on where we expect to be going.

Provincial consumer protection frameworks

Over the past few years, several provinces have enhanced their consumer protection legislation. Specifically, Ontario, New Brunswick and Québec have revamped their consumer protection legislation, while British Columbia has introduced targeted measures to enhance consumer disclosures and regulate subscription agreements.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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