June 28, 2026 to July 04, 2026

This is Queen Street Analytics' weekly digest of regulatory developments, legislative discussions and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies. Once a week, we break down the most important updates in this space in under five minutes.

Want to track other GR news in adjacent industries? Don’t miss this week’s updates in ICT & Cybersecurity. Also consider subscribing to our Finance - Washington edition covering critical GR news south of the border.

📋 In This Week's Newsletter

• 🇨🇦 Federal Government News
• 🗺️ Provincial Government News
• 💬 Government Consultations
• 📚 What We're Reading This Week

Federal Government News

Minister Champagne to Launch 2026 Pre-Budget Consultations

On July 6, 2026, François-Philippe Champagne, Minister of Finance and National Revenue, will launch the 2026 pre-budget consultations with a roundtable discussion alongside the Canadian Chamber of Commerce. The event in Ottawa will provide opportunities for industry stakeholders to engage with federal finance officials on supporting Canada’s economy and sectoral prosperity. Media will be permitted to attend the Minister’s opening remarks. The consultations aim to gather input regarding the government’s approach to fiscal policy, taxation, and sector-specific supports ahead of the next budget cycle.

Sources: www.canada.ca

Provincial Government News

Québec AMF Announces Recognition of the Chambre de l'assurance and CIRO Amendments

The Autorité des marchés financiers (AMF) confirmed the effective date for the recognition order for the Chambre de l'assurance and amendments for the Canadian Investment Regulatory Organization (CIRO), both taking effect July 4, 2026. These changes transfer mutual fund dealer oversight to CIRO and responsibility for scholarship plan dealer representatives to the AMF.

Sources: www.quebec.ca

Ontario Brings Financial Sector Statute and Regulation Changes into Force

Effective July 1, 2026, amendments to the Credit Unions and Caisses Populaires Act provide the Financial Services Regulatory Authority CEO with expanded tools to intervene when a credit union encounters financial difficulties, aiming to stabilize deposits and protect the system. Pension Benefits Act changes support the introduction of Variable Life Benefits and update pension guarantee reporting.

Sources: news.ontario.ca

British Columbia Releases 2026 Report on Regulatory Modernization

The 2026 Better Regulations for BC Annual Report documents ongoing government efforts to modernize economic and business regulations, supporting more predictable project approvals, digital service expansion, and improved interprovincial trade process.

Sources: news.gov.bc.ca

Alberta Delays Release of 2025-26 Year-End Fiscal Results

Alberta’s government announced a delay in releasing the 2025-26 Annual Report to ensure accuracy given restructuring in health services. The province anticipates improved deficit figures and notes strong economic performance for 2025.

Sources: www.alberta.ca

Government Consultations

Privacy Act Modernization Consultation Ongoing

The Treasury Board of Canada Secretariat continues its consultation on Privacy Act modernization, seeking input on updated privacy protections for digital government services until July 10, 2026.

Sources: canada.ca

What We're Reading This Week

• Bay Street legend, CIBC settles class action, Wafr secures data centre funding, Toronto home sales and more: An overview of recent financial sector developments and market dynamics.
• DNB Goes Live on the nCino Platform to Modernise and Scale Corporate Lending Across International Markets: DNB leverages nCino technologies to expand corporate lending capacities globally.
• Booming Bank Capital Markets Hand Weakest Links Free Pass: Examination of capital markets trends allowing less stable institutions to participate.

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