Manuel E. Parreira of the Bank of Canada spoke at the CAMA convention last October. “In terms of money...we continue to see an increase of cash usage around 3 to 5 per cent every year. So that hasn’t changed. What we have seen change is the actual type of payments; we’re seeing more debit, more credit, more global markets are taking that market share.”
Edmonton – Back in 1987, the $1 coin was met with excitement by transit operators in Edmonton, but vending machine operators saw the coin as an added expense. CBC News reports. | READ MORE
London, U.K. – When the new polymer five-pound notes entered circulation last September in U.K., the Bank of England claimed that the new notes would provide a better alternative to their previous paper counterparts. However, certain studies said otherwise. EPPN reports. | READ MORE
Alberta – People and businesses in southern Alberta are being warned about counterfeit money. Fake bills have been turning up in small towns surrounding Calgary more frequently in the past few months. Global News reports. | READ MORE
Toronto – Toronto-based CCL Industries will pay $1.13 billion to buy its British rival Innovia in a bid to become one of the world's biggest makers of polymer banknotes. CBC News reports. | READ MORE
Ottawa – One eminent Canadian woman will be named as the face of the next regularly circulating bank note on Dec. 8.
Ottawa – The central bank of Canada has published a new working paper that suggests its researchers believe digital currency exchange rates will become less volatile should adoption increase. CoinDesk reports. | READ MORE
Ottawa – The Bank of Canada on Sept. 9 will present and begin circulating a $20 note commemorating the reign of Queen Elizabeth II.
June 24, 2015, Ottawa – A long-anticipated report published by the Canadian Standing Senate Committee on Banking, Trade and Commerce has called for a "regulatory light touch" on bitcoin and digital currencies, CoinDesk reports. | READ MORE
May 25, 2015, Vancouver – Simon Fraser University is unveiling three Bitcoin ATMs — or automated vending machines May 26 at campus bookstores in Burnaby, Surrey and downtown Vancouver. Business Vancouver reports. | READ MORE
May 21, 2015, Ottawa – The federal government will issue coins commemorating the 63-year reign of Queen Elizabeth through the Royal Canadian Mint and a $20 bank note through the Bank of Canada.
Feb. 10, 2015, Ottawa – The Royal Canadian Mint has selected Origin Merchant Partners to facilitate the sale of its MintChip digital currency product. Origin was selected as the result of a competitive procurement process.
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