• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 14, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Canada’s major banks go offline for hours

by Disha Mitra
February 17, 2022
in Business, Markets
Reading Time: 2 mins read
0
Canada

Source: Reddit

TwitterWhatsappLinkedin
Canada
Outage faced among five Canadian Banks
Source : Reddit

This week, five banks in Canada, the leading ones in the country, went offline out of the blue. They faced a major outage of almost five hours blocking access to their primary functions. Online and mobile banking facilities were said to be out, along with access to e-transfer for the customers.

You might also like

Anthropic Launches Rupee Billing for Claude in India, Its Second-Largest Market After the US

Public Wi-Fi Security: Hidden Risks and How to Stay Safe on Unsecured Networks

Why Your Emails Go to Spam: Understanding How to Keep Your Messages Out of the Junk Folder

The banks that were hit by the outage in Canada were: the Canadian Imperial bank of Commerce (CIBC), Royal Bank of Canada (RBC), TD Bank Canada, Bank of Montreal (BOM) and Scotiabank. Electronic transfers, along with its online and mobile banking facilities were offline for more than a couple of hours.

The users were reportedly sending in complains all day about facing difficulties to access their online banking system. The reports peaked between 5 p.m. and 6 p.m. in the evening, Eastern time on Wednesday, February 16. What had then struck the citizens was the fact that all five banks went offline together.

A representative from Royal Bank of Canada confirmed in a statement that the bank was then ‘experiencing technical issues’ with their phone systems, along with online and banking systems.

Reactions of the banking customers:

“Our experts are investigating and working to get this fixed as quickly as possible, but we have no ETA to provide at this time. We appreciate your patience.”

Customers were seen to take to social media express their grief regarding the system outage:

https://twitter.com/wez45091067/status/1494108808276287490?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494108808276287490%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.bleepingcomputer.com%2Fnews%2Fsecurity%2Fcanadas-major-banks-go-offline-in-mysterious-hours-long-outage%2F

Customers of the Bank of Montreal also reported an all day outage of the bank’s service that offers “Global Money Transfer”. The representative of these particular bank, did not give a reason but suggested the users to contact their customer support.

The mobile banking app of TD Bank also blocked out heir users and offered highly poor customer services. Their responses were considered vague for they blamed their superiors for not having advised them of the recent online issues.

The suspected reason behind the outage:

They real cause of the Hours-long outage is still unknown. However, many argue that the timing was, in fact, intriguing. This was just a few days after the Canadian Prime Minister brought forward the Emergencies Act. Prime Minister Justin Trudeau had then invoked it in the midst of the ongoing protests for the ‘Freedom Convoy.’

Deputy Prime Minister Chrystia Freeland explained the new rules at a Parliament Hill press conference on Monday, February 14. The new regulations entailed the necessary for payment service providers to follow the guidelines of the Emergencies Act that was invoked.

Tags: banksCanadafinanceOutage
Tweet54SendShare15
Previous Post

India wants Tesla to buy $500 million of local auto parts to get import tax cut

Next Post

Amazon accepts VISA credit cards in global truce

Disha Mitra

Recommended For You

Anthropic Launches Rupee Billing for Claude in India, Its Second-Largest Market After the US

by Rounak Majumdar
July 13, 2026
0
Anthropic Launches Rupee Billing for Claude in India, Its Second-Largest Market After the US

Anthropic has introduced India-specific pricing for its Claude AI subscription tiers, letting users in the country to pay directly in Indian rupees for the first time. On July...

Read more

Public Wi-Fi Security: Hidden Risks and How to Stay Safe on Unsecured Networks

by Ishaan Negi
July 13, 2026
0
Public Wi-Fi Security: Hidden Risks and How to Stay Safe on Unsecured Networks

Whether you're checking emails at a café, attending a virtual meeting from an airport lounge, or finishing a presentation in a hotel lobby, public Wi-Fi has become an...

Read more

Why Your Emails Go to Spam: Understanding How to Keep Your Messages Out of the Junk Folder

by Ishaan Negi
July 13, 2026
0
Why Your Emails Go to Spam: Understanding How to Keep Your Messages Out of the Junk Folder

Email remains one of the most powerful communication tools for businesses and individuals alike. Whether you're sending a marketing campaign, a transactional notification, or a simple newsletter, your...

Read more
Next Post
Amazon accepts VISA credit cards in global truce

Amazon accepts VISA credit cards in global truce

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?