TORONTO (CU)_ Over the recent past, the open banking regime has gained ground in many countries across the globe, as monetary policy makers identify the need to protect financial data of consumers in this digital age. The practice has been on the radar of the government of Canada as well, as Prime Minister Justin Trudeau announced plans to review the merits of this practice in February 2018.
More recently, in August this year, an advisory committee launched by former finance minister of Canada, Bill Morneau, submitted a…