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#CBDC

Bank of Canada building, Ottawa — Photo: Wladyslaw, CC BY-SA 3.0

Accountability|Canada

Big Six banks explore CAD tokenized deposits — not a Bank of Canada CBDC launch

On 22 September 2026, BMO, CIBC, National Bank, RBC, Scotiabank and TD jointly announced they are exploring Canadian-dollar tokenized-deposit solutions for interbank transfers. It is a bank-led exploration with no launch date — distinct from the Bank of Canada’s scaled-down retail CBDC research.

Daily Teabag Desk·Slight right
Supreme Court of Canada, Ottawa — Photo: Wladyslaw, CC BY-SA 3.0

Accountability|Canada

What the courts actually said about 2022 Emergencies Act bank freezes

Federal Court 2024 FC 38 held the Emergencies Act invocation unreasonable and found Emergency Economic Measures Order freezes and financial-information demands breached Charter section 8. The Federal Court of Appeal in 2026 FCA 6 upheld core holdings. Documented history — not a standing de-banking policy.

Daily Teabag Desk·Lean right