Indeed, no one seems to ever talk about the banking monopoly in Canada so it's not a big political issue. It's not nearly as controversial as the telecom or airline monopolies.

There are some new banking startups popping up in Canada like Neo Financial (from the guys who made SkipTheDishes) but they are online-only and have limited integration with stuff like Plaid.

Canadian banks still live in 2006. They can't even make EMT transfers more convenient, so people could request a payment or pay with QR.

Sometimes I feel like they don't actually refuse to do things, maybe they are not capable to improve. Something in their chain of command is broken and doesn't let them change.