The Use of Cash in Canada

Ben Fung, Kim Huynh and Gerald Stuber
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Gerald Stuber: Bank of Canada, https://www.bankofcanada.ca/

Bank of Canada Review, 2015, vol. 2015, issue Spring, 45-56

Abstract: The Bank of Canada’s 2013 Methods-of-Payment Survey indicates that the share of cash in the overall number of retail transactions has continued to decrease, mainly because of increased use of contactless credit cards. The share of cash in the total value of retail transactions was virtually unchanged from 2009 to 2013. In particular, the value share of cash transactions above $50 increased. Automated banking machines (ABMs), still the major source of cash for Canadians, were used less often in 2013 than in 2009. Cash use in Canada is broadly similar to that in Australia and the United States.

Date: 2015
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