Digital Currency

• Digital loonie? Bank of Canada wants your thoughts on potential new currency

  The Bank of Canada has launched an online public consultation on the features that could be included in a digital loonie, but also reiterated cash isn't going anywhere.

  Economy

  May 8, 2023
  
• Bitcoin has lost more than half its value since 2021 peak

  The value of popular cryptocurrency Bitcoin is taking a hit amid a global stock market sell off that's also seeing tech-focused stocks take heavy losses.

  Economy

  May 9, 2022
  
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• Bank of Canada should issue a digital currency, think tank says

  The C.D. Howe Institute says Canadian-dollar-linked stablecoins could become attractive if they are convertible into cash issued by the Bank of Canada.

  Money

  Nov 25, 2021
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• Why the COVID-19 pandemic highlights Canada’s need for a digital currency

  “Most of the Western world’s innovation in central bank digital currencies is very primitive at this point,” says on expert.

  Money

  Jun 18, 2021
• Bitcoin’s rising popularity puts pressure on central banks to issue digital currency

  Bitcoin has shifted from the fringes of finance towards embrace by major investors, companies and even cities.

  Money

  Feb 15, 2021
• Recent bitcoin rally is ‘speculative mania,’ Bank of Canada warns

  The recent spike in cryptocurrencies like bitcoin looks less like a trend and more like a speculative mania, Bank of Canada deputy governor Timothy Lane said.

  Economy

  Feb 10, 2021
• Bitcoin rally continues as investment from Elon Musk’s Tesla fuels interest

  Bitcoin is fast approaching the US$50,000 mark afterglow of Elon Musk-led Tesla's investment in the cryptocurrency had investors reckoning it may become a mainstream asset class

  Money

  Feb 9, 2021
• Bitcoin swings continue after notching US$40,000 for first time

  Bitcoin hit another record Thursday, briefly surpassing the US$40,000 mark.

  Money

  Jan 7, 2021
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• Bitcoin sets new record, price nearly quadruples in 2020

  The world's most popular cryptocurrency has surged by nearly half since breaking $20,000 for the first time on Dec. 16.

  Money

  Dec 31, 2020
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• How COVID-19 is changing our relationship with cash

  Fears of COVID-19 transmission could be accelerating the trend of digital payment apps and reducing the use of cash in society, says Anwar Mohammed of McMaster University.

  Commentary

  Jul 13, 2020