Payments Canada announced on 9 November 2026 that Canada's Real-Time Rail (RTR) is live, bringing 24/7 payment infrastructure to the national economy. The system is owned and operated by Payments Canada.
Eight institutions are joining the initial phase, according to The Globe and Mail, including Wealthsimple, Peoples Trust, Koho and Bank of America. Participants will be added to the Real-Time Rail in three phases to control the volume of transactions entering the system, with the goal of including every Canadian financial institution on the rail by mid-2027, the newspaper reported. Canada's major banks are not involved in the first phase of the rollout but will join in the second and third phases.