This is a Canada news story, published by financialpost, that relates primarily to The Bank of Canada news.
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central bankfinancialpost
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77% Informative
The Bank of Canada is launching a new supervision program for payment service providers on Friday .
The Retail Payment Activities Act legislation was passed by the federal government in 2021 .
It gives the central bank the authority to oversee an estimated 3,000 companies that operate in Canada .
The regulatory regime will come into force starting in September of next year .
VR Score
83
Informative language
83
Neutral language
74
Article tone
informal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5