Modernization in Motion: Payments Canada’s 2018 Annual Report

Published: May 31, 2019

Payments Canada’s 2018 annual report, Modernization in Motion, is now available. The report captures the significant strides made in our Modernization journey, and highlights other achievements and activities from a high intensity year.

In 2018, Payments Canada settled and cleared eight billion transactions, totalling $54 trillion and averaging $209 billion each business day. The first major milestone of our roadmap was passed -- implementing the interim Credit Risk Model -- followed by enhancements to Automated Funds Transfer (AFT), and progress was made on plans for the new real-time rail, Lynx and SOE. All the while, we continued to meet our financial and availability commitments, a true indication of our number one priority: operating safe and sound systems.

Our vision is to make the Canadian economy stronger by always striving to lead the world in what we do. We remain confident that, with our members, partners and stakeholders, we are delivering a fast, flexible and secure payments system that will strengthen our country’s competitive position globally, support the Canadian economy and promote innovation for the benefit of all Canadians.

Download the complete 2018 annual report, Modernization in Motion.