Tag: Bank of Canada
Bank of Canada: Cash and card payments still high among Canadians
Canadian consumers’ payments preferences have changed little over recent years according to the Bank of Canada, which found continued demand for cash and debit...
Bank of Canada hesitant on CBDC benefits
A detailed paper exploring the potential impact of CBDCs on the Canadian payment ecosystem has highlighted that there would need to be widespread engagement...
The Bank of Canada to explore digital dollar
The Bank of Canada is launching an online public consultation on the features that could be included in a digital Canadian dollar.
As a result...
Queen Elizabeth II to remain on Canadian currency
There are currently no plans to replace Queen Elizabeth II on bank notes in Canada, according to a report by Bloomberg.
Payments Canada launches Lynx to make payments ‘easier, safer and smarter’
Payments Canada has launched the first release of its high-value payment system, Lynx, as a replacement for the Large Value Transfer System (LVTS).
The new...
