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ARTICLE · 27 DECEMBER 2024

Progress Amid Uncertainty: What This Week's Fall Economic Statement Means For Financial Services

Gowling WLG
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This year's Fall Economic Statement (FES 2024) arrived under highly unusual circumstances. Scheduled later than usual in the Parliamentary calendar...

CanadaFinance and Banking
Alana Scotchmer
Alana Scotchmer
Parna Sabet-Stephenson
Parna Sabet-Stephenson
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This year's Fall Economic Statement (FES 2024) arrived under highly unusual circumstances. Scheduled later than usual in the Parliamentary calendar, its release was further overshadowed by the unexpected resignation of the Minister of Finance on the very morning of its presentation. The result was an atmosphere of political uncertainty surrounding the proceedings.

While the legislation to implement the proposed changes has yet to be released, FES 2024 brought forward several notable developments in financial services regulation. This article highlights the key announcements impacting the financial services and technology sectors.

A step forward in Canada's consumer-driven banking journey

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