CENTRAL BANK
Bank of Canada takes oversight of the Real-Time Rail
Published by BriefDash · · Toronto
The Bank of Canada announced on November 9 that the Real-Time Rail is under its formal oversight, effective November 8. The system, run by Payments Canada, is designed to make funds available immediately and will also handle settlement for Interac e-Transfers. Payments Canada must meet the bank’s risk-management standards for the system.
Why it matters
The decision sets oversight requirements for part of the infrastructure that will handle instant transfers in Canada.
Source dated November 9, 2026 · Bank of Canada ↗
Source: Bank of Canada. BriefDash rewrote the facts in its own words, without Bank of Canada endorsement.
Independent factual brief. Original BriefDash illustration. Automated preparation and publication; editorial policy ↗
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