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Start Date: 2025-03-16
End Date: 2025-03-22

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FCAC Urges Banks to Optimize E-alerts

The Financial Consumer Agency of Canada (FCAC) released findings from a thematic review on the implementation of electronic alerts by small and medium-sized banks. The review identified areas for improvement in delivering timely and complete information, with banks required to take corrective actions. The FCAC expects all federally regulated financial institutions to assess their compliance and address deficiencies promptly.

Sources: Announcements: www.canada.ca

Minister Champagne Chairs G7 Finance Ministers' Meeting

François-Philippe Champagne, Minister of Finance, chaired his first virtual G7 Finance Ministers' Meeting. Discussions covered global trade, competitiveness, and economic growth. This precedes the upcoming G7 Finance Ministers and Central Bank Governors' meeting in May and the G7 Leaders’ Summit in June, both hosted under Canada's G7 Presidency.

Sources: Announcements: www.canada.ca