Canada's OPEN BANKING: What It Means for You The Beavis Wealth Podcast

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In this episode, we explore Canada's steps towards open banking. The Financial Consumer Agency of Canada and the Ministry of Finance have allocated funding to establish an open banking framework by 2025, enabling secure, standardized data sharing. This development aims to enhance competition, innovation, and security in the financial sector, benefiting consumers and businesses alike.

Also in this episode:

🔧 A growing shortage of skilled tradespeople is impacting multiple sectors, driving up costs for consumers and businesses, particularly in construction and hospitality.

🚗 Tesla's stock soars following news of expanded driver-assistance technology in China, aided by a partnership with Baidu, and lifting of restrictions.

💼 The Canadian government imposes financial sanctions on Canada Life, addressing ongoing issues with the public service health insurance plan transition.

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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

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This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be