Canadians ditched cash during pandemic, research shows

A woman making a credit card payment

Cash withdrawals fell relative to debit card transactions during the pandemic, according to new research from the Bank of Canada.

In their paper, Tatjana Dahlhaus and Angelika Welte use high-frequency data from ATMs and point-of-sale (POS) terminals to assess how consumer habits adjusted during the pandemic.

“While some caveats apply, the decline in the cash-card ratio might be an indicator that expenditure growth estimated from card network data alone is biased upwards,” Dahlhaus and Welte

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: