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… on the Review of the Canadian Payments Act. In 2015, the Government made several changes to the Canadian Payments Act …

… and grow the economy. Ottawa, April 16, 2024 — The federal government of Canada has announced its 2024 budget. Entitled … Deputy Prime Minister and Minister of Finance, and the government of Canada on the 2024 budget. To read the full … consumer-driven banking framework. This spring, the government plans to introduce legislation to lay the …

… transaction value among cards. Online transfers surpassed cheques by volume for business payments for the first time. … cent); cash (11 per cent); online transfer (six per cent); cheque, automated banking machine (ABM) and prepaid cards … transfer at six per cent, in addition to prepaid, ABM and cheque each at two per cent. Prepaid cards showed the …

… Building momentum towards modern payments in Canada. The Government of Canada published the final Retail Payment … on November 22, 2023. Payments Canada commends the government, the Bank of Canada and their stakeholders for … The publication of the regulations, alongside the government’s recent commitment to amend the Canadian …

… OTTAWA, March 1, 2018 — Canada’s federal government recently announced Budget 2018, Equality and … payment systems. The budget priorities demonstrate the government’s commitment to increasing Canada’s economic … of payments. Concluding the consultation process, the government intends to introduce legislative amendments to …

… providing a quick and easy substitute for cash or cheques. Our survey data show that almost half of our sample … payment instruments (cash, debit card, credit card, and cheque), cash accounted for 16 per cent of the total monthly … preferences of the recipient. We see a similar story on the cheque side as well where 34 per cent of people from Quebec …

… institutions have quickly and effectively responded to the Government of Canada’s request to provide a convenient and … .  The ability to enroll electronically to receive government payments directly into a bank account simplifies … and supports the faster and more secure delivery of government payments for Canadians.  Payments Canada …

… online/mobile banking; and a decline in the use of cash and cheques. Canadians report mixed sentiment around the … cash in general.  Continued decline in use of cash, cheques and prepaid cards Concerns of surface contact with … to 65 per cent in week five), 32 per cent report using cheques less (down slightly from 35 per cent), and 32 per …