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Briefing

New law would put Bank of Canada in charge of fintech regulation

The federal government has drafted a law called the Retail Payments Activities Act that would put Canada’s central bank in charge of regulating tech companies that provide payments services, in addition to foreign payment providers operating in Canada. The law would not apply to financial-services companies that are already regulated by the government. (The Globe and Mail)

Telus spending another $54B on infrastructure, 5G expansion

The Vancouver-based telecommunications company said it will deploy the funding from now through 2024, creating 38,000 job opportunities over that period. It plans to make its 5G networks available to 529 new communities and expand its gigabit PureFibre network to over a million more customers by the end of this year. (The Logic)

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