Canada
girlfreddy
•
4mo ago
•
92%
Cash transactions are way down. These advocates say the feds need to do something
https://www.cbc.ca/news/canada/ottawa/cash-transactions-are-way-down-these-advocates-say-the-feds-need-to-do-something-1.7248846A consumer group is urgently calling on the federal government to follow other jurisdictions in the U.S and Europe and bring in legislation to stem the slide toward a cashless society.
Only 10 per cent of transactions in Canada today are done using cash, according to Carlos Castiblanco, an economist with the group Option Consommateurs.
"There is a need to protect cash right now before more merchants start refusing [it]," Castiblanco recently told CBC Radio's Ontario Today.
It's critical to act now, he added, before retailers begin removing all the infrastructure required to store and maintain physical money.
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