The new system will enable participating financial service providers to clear and settle payments in real time, providing a made-in-Canada platform for future innovation and prosperity.
OTTAWA, ON, November 9, 2026 – Payments Canada today announced the launch of Canada’s Real-Time Rail (RTR). This new national payment system will transform day-to-day payments for Canadian businesses and consumers by enabling instant speed and settlement, real-time cash-flow visibility and data-rich messaging through existing banking and payment channels.
The launch of Canada’s RTR marks a major milestone in modernizing the critical infrastructure that underpins Canada’s economy and future growth. The RTR will enable participating members, including financial institutions, credit unions and payment service providers, to exchange, clear and settle payments securely in real time for their customers, 24 hours a day, every day of the year.
