Canada: Cash Remains a Cornerstone of the Monetary Landscape

Cash in Canada remains resilient says a new Bank of Canada survey. Its use at the point of sale remains stable, holdings are growing, and public perception of cash is increasingly positive – a testament to its enduring role in economic resilience and inclusion.

The Bank of Canada's 2025 Methods of Payment Survey offers a compelling snapshot of how Canadians interact with cash. Far from fading into obscurity, cash is proving its resilience, with its use at the point of sale remaining broadly consistent, cash holdings increasing, and public perception of its value continuing to improve. These trends underscore cash's enduring relevance as a trusted, accessible, and inclusive payment method.

Stable cash payments in a digital age

One of the most striking findings is the stability of cash payments at the point of sale. While digital payment methods – particularly contactless card transactions – have seen significant growth, cash has maintained its share of in-person transactions. In 2025, cash accounted for 18% of all payments at the point of sale by volume and 10% by value, a slight decline from previous years but still a significant portion of daily transactions. This stability is notable, especially when considering the rapid adoption of digital alternatives. The fact that cash has not experienced a dramatic drop in usage highlights its continued importance, particularly for small, everyday purchases where convenience and speed are paramount.