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A digital representation of a Canadian dollar with cash background.
Bank of Canada

Canadian Consumers Show Doubts Over Digital Dollar Adoption

A recent survey reveals Canadian consumers' skepticism towards early adoption of the Bank of Canada's digital dollar, highlighting a preference for cash and card payments. Despite some support, con...

Bank of CanadaGraph depicting Canada's GDP and retail statistics for July 2023.

Canada's July GDP Boosted by Retail Performance, Analyst Says

Analyst Olivia Cross points out that Canada’s July GDP may see support from surprising retail performance. Despite this, the economic outlook remains weak, citing potential rate cuts from the Bank ...

Bank of CanadaBank of Canada shifts focus from retail CBDC development to payments research.

Canada Moves Away from Retail CBDC Development Amid Changing Focus

The Bank of Canada has decided to scale down its retail CBDC development, redirecting efforts toward broader payment system research. While shelving the digital dollar for now, the bank remains ope...

Bank of CanadaImage depicting the Bank of Canada and digital currency research trends.

Bank of Canada Redirects Focus from Retail CBDC to Payments Research

The Bank of Canada scales down its retail CBDC efforts to prioritize broader payments research and policy development, while maintaining wholesale CBDC initiatives.