Canada’s real-time rail system will launch this year after achieving “critical milestone”

Finance Minister François-Philippe Champagne has approved the legal framework for Canada’s real-time rail (RTR) payments system, paving the way for a launch in the fourth quarter of 2026, according to Payments Canada. The news: Last week, Payments Canada announced that the bylaw and rules for the RTR system received all necessary approvals and will officially come into force on Aug. That core legal framework will govern the system ahead of its launch in Q4 2026, the organization said.