Latest Bank of Canada News

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Business 11 December 2023

Canadians still don’t like CBDCs

More Canadians still prefer cash over a central bank digital currency, citing the latter's risks when it comes to privacy, accessibility, and financial stability, according to findings of a public consultation.

Canada map with the inscription CBDC with black digital blockchain grid
Business 10 May 2023

Bank of Canada launches CBDC consultation

While a digital dollar “is not needed at this time,” the Bank of Canada wants to be ready as it fears digital currencies could threaten monetary sovereignty.