The Bank of Canada has issued a revised temporary order to XTM Inc., allowing the company to resume its retail payment activities. This decision comes under the supervision of a Monitor, who was appointed by the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act. The authorization is subject to terms and conditions outlined in the Bank’s revised order.
The Bank of Canada oversees monetary policy and financial systems with the goal of maintaining price stability and supporting economic growth, as described on its official website. It also manages currency, digital payments, and regulates retail payment systems within Canada’s financial sector.
Tiff Macklem has served as governor of the Bank since June 3, 2020, according to information available on the Bank’s website.
