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ARTICLE · 19 NOVEMBER 2025

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Federal Budget 2025: Implications For The Financial Sector

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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On November 4, 2025, the Government of Canada tabled the 2025 federal budget (Budget 2025). Budget 2025 underscores the Canadian government's focus on modernizing financial sector regulation...

CanadaFinance and Banking
Suhuyini Abudulai
Suhuyini Abudulai
Stephen Redican
Stephen Redican
Julie Mansi
Julie Mansi
Guillaume Talbot-Lachance
Guillaume Talbot-Lachance
Arpiné Danielyan
Arpiné Danielyan
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On November 4, 2025, the Government of Canada tabled the 2025 federal budget (Budget 2025). Budget 2025 underscores the Canadian government's focus on modernizing financial sector regulation and enhancing existing regulatory frameworks to combat financial crime. Key measures impacting the financial sector include consumer-driven banking (open banking), an anti-fraud strategy, new consumer protection measures in the banking sector addressing cheque holds and banking fees, and a legislative framework to regulate fiat-backed stablecoins.

This update highlights proposed measures in Budget 2025 that will reshape the financial services regulatory landscape and their implications for the financial sector, including financial institutions, Fintechs, and payment service providers.

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