Canadians Carrying More Cash, Says Bank of Canada

Canadians Carrying More Cash, Says Bank of Canada
Money is removed from a bank machine in a photo illustration in Montreal, on May 30, 2016. The Canadian Press/Ryan Remiorz
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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.