The Bank of Canada is surveying Canadians to gauge their interest in a possible transition to a digital currency. The country's central bank claims a national digital currency isn't necessary at the moment, but it plans to keep options open just in case.
When it comes to Canada's economy, the Bank of Canada's stated goal is universal access. In a statement released today, Senior Deputy Governor Carolyn Rogers stressed the importance of preparing for the future. The bank is preparing for the change by citing factors like the declining use of cash, competition from crypto, and national economic stability.