Payments Canada has launched Canada's Real-Time Rail (RTR), a new national payment system that enables participating financial service providers to clear and settle payments in real-time, 24 hours a day. The RTR provides a made-in-Canada platform for future innovation and prosperity, offering instant speed and settlement, real-time cash-flow visibility, and data-rich messaging through existing banking and payment channels. This launch marks a significant milestone in modernizing Canada's economic infrastructure, allowing financial institutions, credit unions, and payment service providers to securely exchange, clear, and settle payments for their customers, and is expected to drive future growth and innovation in the country's economy.