The growing use of prepaid cards and regulatory implications

January 21, 2025 – 12:00 pm to 1:00 pm ET

Emerging as one of the fastest-growing payment options, prepaid cards are increasingly being offered by fintechs as an alternative to more traditional financial products. Join Torys LLP and CDIC as they discuss the growth of prepaid cards, the applicable regulatory frameworks, and through a review of case studies, the implications for consumers, fintechs, and financial institutions. This webinar is part of a series on fintechs hosted by Torys LLP.

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• speakers-bureau

Payments Canada SUMMIT

Canada's largest annual payments conference, drawing innovators, leaders, and experts from across the sector.  

The post Payments Canada SUMMIT appeared first on CDIC.

• speakers-bureau

The Government of Canada's Border Plan: significant investments to strengthen border security and our immigration system

• backgrounders

Government of Canada announces its plan to strengthen border security and our immigration system

• news-releases

Table of Contents

• Prime Minister's itinerary for Tuesday, December 17, 2024

Prime Minister's itinerary for Tuesday, December 17, 2024

Seizure of contraband and unauthorized items at Drumheller Institution – medium security unit

• news-releases

Death of an inmate from Kent Institution

• news-releases

Seizure of contraband and unauthorized items at Stony Mountain Institution - medium security unit

• news-releases

Seizure of contraband and unauthorized items at Saskatchewan Penitentiary

• news-releases

Assembly of First Nations (AFN) National Chief Cindy Woodhouse Nepinak Responds to Federal Government's Fall Economic Statement

(December 17, 2024 – Unceded Algonquin Territory, Ottawa, Ontario) — Assembly of First Nations (AFN) National Chief Cindy Woodhouse Nepinak issued the following statement in response to the Government of Canada's Fall Economic Statement, tabled by the Honourable Karina Gould, Leader of the Government in the House of Commons, on December 16, 2024, in the House of Commons.

"The Fall Economic Statement once again falls short of meeting the urgent needs of First Nations," said National Chief Cindy Woodhouse Nepinak. "Critical areas like policing, clean water, housing, education and economic reconciliation remain severely underfunded.”

National Chief Woodhouse Nepinak also took exception to the government attributing the rising deficit to costs related to Indigenous claims. "These statements are misleading as these claims are a result of Canada failing to meet its obligations to First Nations. Instead of spending resources on legal battles that question our inherent rights, the government must prioritize sustained, targeted investments that will grow the Canadian economy and advance reconciliation."

“Addressing the First Nations infrastructure gap is a necessary step for strengthening Canada's economy.  As demonstrated in the AFN's recently released report from the Conference Board of Canada, Economic Impact of Closing the Infrastructure Gap, investments in First Nations infrastructure, housing, broadband access, roads, and clean water will benefit all Canadians by improving quality of life, driving economic growth, and creating more than 300,000 jobs over the next seven years.”

“Closing the Infrastructure Gap between First Nations and non-Indigenous Canadians will boost Canada's GDP by $27.7 billion annually. It would strengthen Canada's position within the G7, moving us from our current mid-ranking position to a leading spot among the world's largest economies. Addressing barriers to education, employment, and economic participation for First Nations is essential for Canada's global economic competitiveness," concluded National Chief Woodhouse Nepinak.

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The Assembly of First Nations (AFN) is a national advocacy organization that works to advance the collective aspirations of First Nations individuals and communities across Canada on matters of national or international nature and concern. 

For more information, please contact:

Genna Benson
Director of Communications
Assembly of First Nations
604-340-3117 (mobile)
gbenson@afn.ca

Cherish Francis
Deputy Chief of Staff
Office of the National Chief
343-630-1372 (mobile)
cfrancis@afn.ca 

• press-release

Powering Canada's Future—Canada's final Clean Electricity Regulations

• backgrounders

Powering Canada's Future: Securing jobs, investments, and savings by building more affordable and reliable clean electricity

• news-releases

Minister Anand tables the 2024 Public Accounts and the 2023–24 Departmental Results Reports

• news-releases

Indigenous Loan Guarantee Program Launched to Accelerate Economic Reconciliation

Toronto, December 17, 2024 – As announced in the 2024 Fall Economic Statement, the Canada Indigenous Loan Guarantee Corporation, a newly established subsidiary of the Canada Development Investment Corporation (CDEV), officially launched the Indigenous Loan Guarantee Program yesterday. This program is a major initiative that will unlock up to $5 billion in loan guarantees to support Indigenous ownership in Canada's natural resource and energy projects, lowering financial barriers and offering a pathway to long-term prosperity and economic self-reliance.

Due to the Indian Act and the legacy of colonialism, Indigenous groups face significant challenges in securing capital and leveraging assets. This program is designed to bridge this gap, offering Indigenous groups a financial solution that lowers borrowing costs and improves lending terms, enabling them to participate in projects that generate long-term economic benefits.

"The Canada Indigenous Loan Guarantee Corporation is committed to fostering a path to prosperity that respects the unique needs and priorities of Indigenous communities," said Elizabeth Wademan, CEO of CDEV. "This program empowers Indigenous groups to participate in Canada's economic future, to build prosperity within their communities, and to create opportunities that will benefit generations to come."

For more information about the Indigenous Loan Guarantee Program, eligibility requirements, and application process, please visit www.cilgc-cpgac.ca

Canada Development Investment Corporation

Thomas Chanzy, Vice President and Head, Communications and Public Affairs

thomas.chanzy@cdev.gc.ca

416 966 2926

• announcements

Ethel Catherwood, first Canadian woman to win an Olympic gold medal in track and field honoured

• news-releases

Polar Knowledge Canada announces recipient of the 2024 Northern Science Award.

• news-releases

Canada imposes new sanctions against Venezuelan officials

• news-releases

Backgrounder: Canada imposes sanctions against Venezuelan officials

• backgrounders

Interest Rate Announcement