A consumer group is urgently calling on the federal government to follow other jurisdictions in the U.S and Europe and bring in legislation to stem the slide toward a cashless society.

Only 10 per cent of transactions in Canada today are done using cash, according to Carlos Castiblanco, an economist with the group Option Consommateurs.

“There is a need to protect cash right now before more merchants start refusing [it],” Castiblanco recently told CBC Radio’s Ontario Today.

It’s critical to act now, he added, before retailers begin removing all the infrastructure required to store and maintain physical money.

  • MacroCyclo
    link
    fedilink
    arrow-up
    6
    ·
    5 months ago

    But on cash or debit? That’s the thing here. Interac is fine as far as I know and cashless. It’s the credit cards that are sketchy.

    • Gleddified
      link
      fedilink
      arrow-up
      4
      ·
      5 months ago

      Interac AFAIK used to be a nonprofit, but few years back became a for profit corporation. While I’m happy for the option, I’d stick with paper/metal where possible if CCs weren’t a thing.