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Canada’s New $10 NSF Fee Cap Takes Effect, Cutting Costs for Millions

  The federal government is capping non-sufficient funds fees at $10 starting March 12, reducing charges that can reach as high as $50. New federal rules now cap non-sufficient funds (NSF) fees at just $10, offering major relief to Canadians who previously faced charges as high as $50. The changes, which took effect March 12, 2026, also limit how often banks can apply these fees and protect consumers from penalties on very small shortfalls.  A Quick Look at the New Rules NSF fees capped at $10 for personal deposit accounts nationwide. No more than one NSF fee can be charged within two business days for the same account. No NSF fee allowed if the account shortfall is under $10 . Previous NSF charges could reach $48–$50 , making this a significant reduction. Why This Matters The federal government introduced these rules to ease financial pressure on Canadians, especially those living paycheque to paycheque. With more than one-third of Canadians incurring NSF fees ...
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TSX gains on rate cut hopes despite high inflation`

 


Canada’s main stock index, the Toronto Stock Exchange’s S&P/TSX composite index, rose by 0.75% to 20,777.19 on Tuesday despite a sticky domestic inflation reading.

The materials sector, which houses Canada’s major mining firms, gained 1.3% with copper miners amongst the top gainers on the benchmark index as prices of the red metal rose. Consumer staple was amongst the leading sectors, rising 1.2%, while utilities advanced 0.8%.

San Francisco Fed President Mary Daly said cuts to the U.S. central bank’s benchmark rate are likely to be appropriate next year, the Wall Street Journal reported. Fed Atlanta President Raphael Bostic and Fed Chicago President Austan Goolsbee are also scheduled to speak later in the day.

Meanwhile, the loonie strengthened 0.5% against the dollar after data showed Canada’s annual inflation rate unexpectedly remained at 3.1% in November. The renewed acceleration in core inflation pressures in November was partly due to a jump in travel tour prices, which is likely to be reversed in December.

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