Ellen Roseman

Personal finance columnist at the Toronto Star and previously the Globe and Mail. My passion is consumer advocacy and making sense of money

Sep 2, 2021
Published on: LinkedIn
1 min read

Open Banking may sound a little dry. Or maybe it sounds scary, like suddenly all your credit card statements will be made public (don't worry; it's nothing like that). But it's actually a rare chance, at a really important time, for Canada to fundamentally change how we do money in this country for the better.

Open banking is an important step towards democratizing banking in Canada and ensuring consumers have control over how their personal information is shared. If implemented in a meaningful way, it will radically improve Canadians’ financial lives by creating a more innovative banking landscape and the creation of more equitable products.

Very happy to see both Justin Trudeau Liberal Party of Canada • Parti Libéral du Canada and Erin O'Toole Conservative Party of Canada make a fairer financial system an election issue and commit to #openbanking.

Dear Canada: It's Time For Open Banking | Wealthsimple