It's easier than ever to transfer money around the world. So why can it be a hassle for Canadians?

Traditional banks in Canada often make it costly and difficult to send money internationally, largely due to a lack of competition in the banking sector. However, newer financial services are emerging to simplify money transfers, encouraging customers to explore alternatives to conventional wire transfers.

Explain It To Me Like I’m 5:

New ways to send money are popping up to make it easier and cheaper than using regular banks.

Want More Context? 🔎