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Friday, November 28, 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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Conservative MPs chat before their caucus meeting in the West Block on Sept. 14, 2025. Theoretically, a larger Parliament makes for better representation and policy responsiveness. On the other hand, a larger Parliament is more likely to suffer inefficiency in decision-making as well as higher operating costs, writes Nelson Wiseman. The Hill Times photograph by Andrew Meade

Are there too few or too many MPs?

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  • Debate over the ideal size of a legislature is nothing new; it goes back to the ancient Greeks. The reality is that there is no commonly accepted standard for determining the best size for a Parliament. What matters is how Parliament is used, its practices, procedures, and processes. Size is secondary.

Are there too few or too many MPs?

OpinionBY NELSON WISEMAN
  • Debate over the ideal size of a legislature is nothing new; it goes back to the ancient Greeks. The reality is that there is no commonly accepted standard for determining the best size for a Parliament. What matters is how Parliament is used, its practices, procedures, and processes. Size is secondary.

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