During a talk at the Open Banking Expo in downtown Toronto Tuesday, Kirsten Fraser, the Department of Finance’s director of financial services innovation, said a framework for financial data-sharing will be launched at the end of next year or “even into early 2026.” (The Logic)

Talking point: Fraser’s comments add clarity to a broad timeline from the Liberal government’s fall economic statement. In April’s federal budget, the government announced plans to introduce two acts governing consumer-driven finance, but did not provide details on when the framework would go live. Industry groups have urged the government to move quickly to implement open banking, a long-delayed set of rules that would allow Canadians to securely share their financial data with fintech apps and other approved third parties.