Why a Bank of Canada digital loonie would struggle to gain acceptance — via financialpost
This group, including 98 per cent who have a bank account and debit card and 87 per cent who also have a credit card, “does not face meaningful barriers to accessing financial services or payment methods” that include e-transfer, pre-authorized payments, online bill payments and chequing accounts.
If cash suddenly disappeared, “most people — represented by the typical consumer and the early adopter groups — would continue to have their usual payment needs met without cash by using various electronic methods,” the report said.One reason is that Canadians are very connected online.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why a Bank of Canada digital loonie would struggle to gain acceptanceBank of Canada research says weak incentives make widespread adoption of a digital Canadian dollar unlikely. Read on
Read more »
Inflation likely rose again in July, signalling new phase in Bank of Canada's fightEconomists expect the consumer price index to show inflation rose in July, signalling a reversal in progress after steady declines. Read on.
Read more »
Inflation likely rose again in July, signalling new phase in Bank of Canada's fightEconomists expect the consumer price index to show inflation rose in July, signalling a reversal in progress after steady declines. Read on.
Read more »
Why it might be several years before homes are more affordable in Canada - BNN BloombergIt may be several years yet before home prices fall back into an affordable range for the average Canadian, according to Oxford Economics.
Read more »
Weekend Posted: Some stories you may have missedWhy Laurentian Bank is struggling, and the National Post investigates judicial donations.
Read more »
Weekend Posted: Some stories you may have missedWhy Laurentian Bank is struggling, and the National Post investigates judicial donations.
Read more »