Opinion Why does Ottawa want to put cash out of business?
News Source : Financial Post
News Summary
- Many people prefer cash to e-transfers, so why is Ottawa trying to crash cash?
- An obsession for control may be the reason.
- An estimated 12 per cent of Canadians do not have a credit card and must rely on cash as a matter of survival.
- Ottawa’s anti-cash campaign overlooks the many ways in which paper money remains crucial to preserving a functional, fair and democratic society.
- If enough businesses give up on cash, it will eventually become impossible for consumers to use paper money for any purchase throughout Canada.
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