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Equitable Bank applauds Government of Canada's progress on enabling greater competition in banking with Budget 2025
Equitable Bank applauds Government of Canada's progress on enabling greater competition in bankin...
About this update from Eqb Inc
[{"type":"text","content":"\n\n\nEquitable Bank applauds Government of Canada's progress on enabling greater competition in banking with Budget 2025\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, Nov. 5, 2025 /CNW/ - Equitable Bank, Canada's Challenger Bank™, welcomes progress laid out by the Government of Canada to foster greater competition in Canada's banking sector with the release of its 2025 budget. By advancing long-awaited consumer-driven banking and other pro-competition reforms, the federal government is taking real steps to modernize Canada's economy and give consumers more choice, better service and greater control over their own money.\n\n\n\n\n\n\n\n\"We welcome the 2025 federal budget's focus on financial innovation and critical digital infrastructure like consumer-driven banking,\" said Chadwick Westlake, President and CEO. \"Equitable Bank and our digital platform, EQ Bank, have long championed these reforms because we understand that real competition drives growth and opportunity. Canadians, small businesses and hard-working families deserve a market that offers more choice, better value and a fairer deal.\"\nThe budget signals a major step toward a modern, more transparent banking system. Measures such as consumer-driven banking, payments modernization, stablecoin frameworks and updated data-sharing standards will help boost competition, improve fee transparency and remove barriers – creating a fairer financial landscape that drives innovation, broadens prosperity and gives every Canadian the freedom to choose what works best for them.\nThis is a moment to build on, and Equitable Bank and its digital platform, EQ Bank, look forward to continued collaboration with the Government of Canada, regulators and industry stakeholders to bring these initiatives to fruition.\nAbout Equitable BankEquitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and seventh largest bank by assets, it leverages technology to deliver exceptional personal and commercial bankin...