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Monday, December 15, 2025

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Encouraging continued innovation in payments

Canada’s burgeoning digital economy competes with other jurisdictions around the world and any rush to regulate could chase away investment before it is cultivated. These principles will help encourage continued fin-tech innovation, while ensuring Canadians enjoy safe, fast, and secure payments.

Finance Minister Bill Morneau. According to the Department of Finance, the number of credit, debit, prepaid, mobile wallet and peer-to-peer transactions (P2P) increased exponentially since 2008. In total, retailers in Canada accept more credit, debit, and prepaid card transactions at the register—just shy of C$700-billion last year—than any other form of payments. The Hill Times photograph by Andrew Meade
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Canadian Culture Minister Marc Miller, pictured. Indigenous friendship centres are scrambling because they literally do not know what will happen in three months with their funding. Meanwhile, Indigenous Services deputy minister Gina Wilson has confirmed funding will be renewed, but no one know by how much or when, writes Sheila Copps. The Hill Times photograph by Andrew Meade

Miller will be challenged to put his historic support for Indigenous Peoples to the test by returning full funding to friendship centres

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  • The last budget was silent on NAFC funding which is scheduled to sunset because the existing 10-year funding agreement ends in 2026.

Miller will be challenged to put his historic support for Indigenous Peoples to the test by returning full funding to friendship centres

OpinionBY SHEILA COPPS
  • The last budget was silent on NAFC funding which is scheduled to sunset because the existing 10-year funding agreement ends in 2026.

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