Toronto-Dominion Centre towers at King and Bay Streets in Toronto's financial district.

Canada Plans Major Banking Reforms to Challenge the Big Six and Make Room for New Banks

By ABE Magazine | November 6, 2026 Canada’s federal government has unveiled proposed changes to the country’s banking regulations, seeking to make it easier for smaller financial institutions to expand and new competitors to enter one of the world’s most concentrated banking markets. The measures, included in the 2026 federal budget, would relax ownership restrictions…

Read Full News