Canada cancels plan for C$200 banknote

The Bank of Canada has withdrawn a proposal to print a C$200 bill after a survey concluded that there is a significant current of opposition to its introduction.

The central bank-commissioned telephone survey of 2,000 retailers was carried out last December and found that 59% were opposed, with 40% "strongly opposed". The main objections included fear of counterfeits and the prospect of customers exhausting the all the change in a shop's till in one transaction.

Canada's largest existing denom