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… approximately five per cent each year. While the volume of cheques written continues to decline, the value of those cheques is growing slightly. There were 20 per cent fewer cheques written in 2014 than in 2011, but the value of …

… Transfers (EFT) more frequently and reducing their use of cheques. Wider adoption of electronic payments by businesses … in cheque use since 2014. There were 282 million fewer cheques written in 2017 than in 2012 in favour of EFT, credit cards and online transfers. Still, remaining cheques are being written for increasingly higher amounts, …

… other elements of the BEA, such as provisions for "crossed cheques", which may interfere with the legibility of cheque …

… flows will potentially have wider implications. In periods of economic stress, this may limit the direct … development to mention a few. Such institutions may periodically have to process large values or volumes of … that does not satisfy the 0.5% rule may at certain periods in the year (e.g. June and December bond …

… to see a widespread shift away from paper-based payments, cheques and cash, as Canadians increasingly demonstrate … representing 23 per cent of total payments volume. Cheques and paper-based payments continued to play a … and values continued to decline, while average value of cheques increased; consumer cheques declined by about 12 per …

… risk management measures like multiple settlement periods in other arrangements that utilize Lynx for …

… processed, business owners are not subjected to a waiting period and they get instant access to their hard-earned …

… $4.5 billion over five years simply from the elimination of cheques. In 2014, nearly one billion cheques were written in Canada. Many businesses still use cheques because of the information (e.g. invoices) that can …