The Bank of Canada issued a revised temporary order to XTM Inc., authorizing it to recommence retail payment activities subject to the terms and conditions set out in the revised order. Resumption is permitted under the supervision of a Monitor appointed by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act.
Bank of Canada 2026-02-27
Bank of Canada issues revised temporary order allowing XTM Inc. to resume retail payment activities under a court-appointed monitor
The Bank of Canada has issued a revised temporary order allowing XTM Inc. to resume retail payment activities under specific terms. This resumption is supervised by a Monitor appointed by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act.