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Bank of Canada Orders Payments Firm XTM to Stop as Millions Go Missing

February 17, 2026 at 11:48 PM
By Stephanie Hughes
Bank of Canada Orders Payments Firm XTM to Stop as Millions Go Missing
The Bank of Canada issued an order to temporarily stop financial technology company XTM Inc. from handling retail payments, alleging it failed to safeguard client funds and caused a “significant shortfall.”

Analysis & Context

The Bank of Canada issued an order to temporarily stop financial technology company XTM Inc. from handling retail payments, alleging it failed to safeguard client funds and caused a “significant shortfall.” This article provides comprehensive coverage and analysis of current events.

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