Canada

Open Banking availability in Canada varies. Many countries are developing their own Open Banking frameworks or adopting international standards. Check the providers listed above to see which financial institutions in Canada offer API access.

The table above lists all banks and financial institutions in Canada tracked by Open Banking Tracker, along with their API availability, sandbox status, and compliance information. Banks with a "Developer Portal" link offer documented APIs for third-party integration.

The easiest way to connect to banks in Canada is through an API aggregator like Plaid, Tink, TrueLayer, or other providers that offer coverage in this market. These aggregators provide a single integration point to access multiple banks. Alternatively, you can integrate directly with individual bank APIs through their developer portals.

Regulations vary by country. Check our Open Banking Regulations page for detailed information about the regulatory framework in Canada and applicable compliance requirements.

Canada's Consumer-Driven Banking framework (Canadian Open Banking) is expected to launch in 2026-2027. The Government of Canada committed to implementing Open Banking in Budget 2024, with legislation to establish the regulatory framework. The Department of Finance Canada is leading the initiative, with the Financial Consumer Agency of Canada (FCAC) expected to play a key regulatory role.

Consumer-Driven Banking is Canada's name for Open Banking. It's a framework that will allow Canadians to securely share their financial data with third-party fintech providers through APIs. The system will cover deposit accounts, credit cards, mortgages, and lines of credit. Unlike screen scraping, Consumer-Driven Banking will use secure, standardized APIs with strong consumer protections.

All federally regulated financial institutions in Canada will be required to participate in the Open Banking framework. This includes major banks like TD Bank, RBC (Royal Bank of Canada), BMO (Bank of Montreal), Scotiabank, CIBC, and National Bank of Canada. Credit unions regulated provincially may join voluntarily or through provincial mandates.

Canada's Open Banking will be similar to frameworks in the UK, EU, and Australia, but with some key differences. Like Australia's CDR, Canada's framework emphasizes consumer consent and data portability. However, Canada is taking a phased approach, starting with banking data before potentially expanding to other sectors. The framework will include an accreditation system for third-party providers.

While Canada's official Open Banking framework isn't live yet, many Canadian banks already offer API access through aggregators like Plaid, Flinks, and other providers. These services use various methods including direct API connections and screen scraping to enable account linking. Once the Consumer-Driven Banking framework launches, these connections will transition to standardized, regulated APIs.