Payments Canada published a statement welcoming the Government of Canada’s 2026 Spring Economic Update, which confirms that Canada’s Real-Time Rail (RTR) will launch in 2026 and signals continued federal support for payments modernization. It also welcomed Bill C-29, which would establish the Financial Crimes Agency and make consequential amendments to certain Acts and regulations. The update describes RTR as a cornerstone of the government’s modernization agenda and says the government will continue engaging relevant stakeholders to accelerate development of its future capabilities. Payments Canada said the system will deliver data-rich, real-time payments across Canada on a 24/7/365 basis for consumers, businesses, financial institutions and governments, and it linked RTR to federal work on consumer-driven banking and a national stablecoin framework while backing the government’s efforts to combat fraud and financial crime.
Payments Canada 2026-04-28
Payments Canada welcomes Spring Economic Update support for 2026 Real-Time Rail launch and Bill C-29
Payments Canada welcomed the Government of Canada’s 2026 Spring Economic Update confirming that the Real-Time Rail will launch in 2026 and reaffirming federal support for payments modernization. It also welcomed Bill C-29 to establish the Financial Crimes Agency, and highlighted Real-Time Rail’s role in enabling 24/7/365, data-rich payments and supporting broader federal work on consumer-driven banking, a national stablecoin framework, and efforts to combat fraud and financial crime.