The Toronto-based online brokerage company said Monday it received the Office of the Superintendent of Financial Institutions (OSFI)’s approval to launch, six years after first applying for a licence. (The Globe and Mail, The Logic)
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The Toronto-based online brokerage company said Monday it received the Office of the Superintendent of Financial Institutions (OSFI)’s approval to launch, six years after first applying for a licence. (The Globe and Mail, The Logic)
Talking point: Questbank will join Canada’s Big Six financial institutions and others as a Schedule I lender, meaning it will operate domestically rather than being a subsidiary of a foreign bank. Since launching in 1999, Questrade’s assets have grown to $85 billion. “This is a massive milestone and a huge step forward for competition and innovation in the Canadian financial landscape,” Aviv Kartuz, general counsel at Questrade, said in a LinkedIn post on Monday. The announcement comes as the banking sector awaits key details on open banking legislation in Tuesday’s federal budget. The company told The Globe it expects to announce their next steps on banking products and services in the first half of 2026.
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