Mr. Speaker, budget 2025 contains many comprehensive measures to help make life more affordable for Canadians while helping grow the economy. Open banking promotes competition and affordability by letting Canadian consumers and businesses take advantage of cutting-edge technologies and share their financial data with approved and regulated service providers.
Can the Secretary of State for the Canada Revenue Agency and Financial Institutions please outline why open banking is so important to the Canadian economy and how stalling progress on this file is harming Canadian consumers and businesses?