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Canadians are holding more cash in their wallets, Bank of Canada finds
- Canadians are keeping more cash in their wallets, with an average of $156 in 2024, which is $16 more than in 2023, according to the Bank of Canada.
- The Bank of Canada notes that Canadians are using ATMs and bank branches more frequently and withdrawing more cash per transaction.
- About 20 percent of surveyed Canadians' purchases are made with cash, showing resilience in cash usage post-pandemic.
- Mobile payments have increased to almost 5 percent of purchases in 2024, according to a survey by the Bank of Canada and Ipsos.
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11 Articles
11 Articles
Canadians keep more cash in their portfolio in an increasingly digital world, according to a new Bank of Canada survey.
·Montreal, Canada
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Winnipeg Free Press+8 Reposted by 8 other sources
Canadians are holding more cash in their wallets, Bank of Canada finds
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources11
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
13%
Factuality
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