US EditionCanadians are holding more cash in their wallets, Bank of Canada finds
- A new survey by the Bank of Canada and Ipsos shows Canadians kept an average of $156 in cash on hand in 2024, $16 more than in 2023.
- While cash usage was declining before COVID-19, the Bank of Canada says those figures have been resilient in recent years, deviating from other nations like the United States.
- Credit cards and debit cards remain the most used payment methods, accounting for 46% and 23% of purchase volumes, respectively.
14 Articles
14 Articles
Canadians Carrying More Cash, Says Bank of Canada
Canadians are opting to carry more cash in their wallets despite the growing prevalence of digital transactions, a new survey from the Bank of Canada suggests. A recent report published by the central bank on 2024 payment methods found that Canadians kept an average of $156 in cash in their pockets, compared to $140 in 2023. “About 80 percent of Canadians had some cash on hand in 2024,” the Bank of Canada said. “This share has been fairly consis…
Canadians keep more cash in their portfolio in an increasingly digital world, according to a new Bank of Canada survey.
Winnipeg Free Press
Canadians are holding more cash in their wallets, Bank of Canada finds
Breaking News, Sports, Manitoba, Canada
Cash use in Canada remains steady as digital payments grow - MoneySense
A new survey from the Bank of Canada shows Canadians are keeping more cash in their wallets in an increasingly digital world. The central bank said Thursday that its 2024 survey on payment methods shows Canadians kept an average of $156 in cash on hand, $16 more than in 2023. Adjusted for inflation, the Bank of Canada said the value of cash on hand has been “quite stable” since 2017 despite small variations over the COVID-19 pandemic. Older Cana…
Canadians keep an average of $156 in cash. The post Canadians have more cash on them, according to the Bank of Canada appeared first on Les Affaires.
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