Budget 2025: Implications for financial institutions
Proposals impact banking fees, cheque deposits, open banking stablecoin regulation and credit union rules
- By: Jonathan Got
- November 4, 2025 November 4, 2025
- 16:16
Proposals impact banking fees, cheque deposits, open banking stablecoin regulation and credit union rules
The firms are in B.C., Alberta and Ontario
The 406-page budget includes almost $90B in net new spending items over five years
Eligible customers living outside the GTA can travel to Toronto or Oakville to use the discount
The Canada-U.S. trade war forms the backdrop of the entire budgetary plan
BoC's trying to "make sure that the tariff problem doesn't become an inflation problem"
Education program fees increased by 38%
Canadian insurers sold 481,000 life and health contracts last year
Questbank will join other fintechs pushing into banking space
It’s the firm’s second acquisition in a matter of months
Prescribed rate to remain at 3% for third consecutive quarter
RRSP dollar limit also announced
Plus, CI Assante and Harbourfront score advisory teams
Canadians' average inflation-adjusted income declined 0.3%
Carney's first federal budget is set to be unveiled on Nov. 4
Proxy advisory firms consults on planned changes to benchmark policies
Middle-class tax cut will adversely affect fewer than 1% of single and couple tax filers
Both equities and fixed-income assets drove the gains
Mobile company employee disclosed data to crypto scammers
Findings put bank branches’ proprietary shelves back in the spotlight, highlight lack of MER knowledge
Eligibility rates declined across the Prairie provinces
IT and operations EVP Julie Lévesque to step into new role
$597-million transaction has been approved by regulators
U.S. and Singapore-based investors will lead the financing
Employment growth stalls as businesses react to uncertainty