Competition in the financial sector

How can financial sector competition help in a cost-of-living crisis? At a time when Canadians are struggling to make ends meet, a holistic approach to making every sector cheaper is the best approach. Changes to financial sector policy that introduce more competition will incentivize financial service providers to offer lower fees to customers, as well as spur innovation. This panel discussion will focus on how consumer-driven banking, a real-time rail, and digital currencies could make it less expensive for Canadians to manage their money.