{"id":70519,"date":"2025-08-15T02:20:07","date_gmt":"2025-08-15T02:20:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/70519\/"},"modified":"2025-08-15T02:20:07","modified_gmt":"2025-08-15T02:20:07","slug":"canadians-are-holding-more-cash-in-their-wallets-boc-survey-finds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/70519\/","title":{"rendered":"Canadians are holding more cash in their wallets, BoC survey finds"},"content":{"rendered":"<p><a style=\"display:block\" href=\"https:\/\/www.theglobeandmail.com\/resizer\/v2\/DHKNJWUNFVG2BEQ33GKJV24IFY.jpg?auth=18c90a4b8ac79f4056558e22023b2cc46a410fb5bf1417bb10f8f12d7bf248c9&amp;width=600&amp;height=400&amp;quality=80&amp;smart=true\" aria-haspopup=\"true\" data-photo-viewer-index=\"0\" rel=\"nofollow noopener\" target=\"_blank\">Open this photo in gallery:<\/a><\/p>\n<p class=\"figcap-text\">The survey shows customers are using ATMs and bank branches more often and also taking more cash out per withdrawal.Justin Tang\/The Canadian Press<\/p>\n<p class=\"c-article-body__text text-pr-5\">A new survey from the Bank of Canada shows Canadians are keeping more cash in their wallets in an increasingly digital world.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The central bank says its 2024 survey on payment methods show Canadians kept an average of $156 in cash on hand, $16 more than in 2023.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The survey done in partnership with Ipsos shows customers are using ATMs and bank branches more often and also taking more cash out per withdrawal.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Those surveyed suggest around 20 per cent of their purchases were made via cash.<\/p>\n<p class=\"c-article-body__text text-pr-5\">While the use of cash was on a steady decline heading into the COVID-19 pandemic, the Bank of Canada says those figures have been resilient over recent years.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Mobile payments are meanwhile gaining traction, accounting for almost five per cent of purchases in 2024, up a couple of percentage points from a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The survey shows customers are using ATMs and bank branches more often and&hellip;\n","protected":false},"author":2,"featured_media":70520,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-70519","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/70519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=70519"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/70519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/70520"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=70519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=70519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=70519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}