Digital Currency
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Digital loonie? Bank of Canada wants your thoughts on potential new currencyThe 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.EconomyMay 8, 2023
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Bitcoin has lost more than half its value since 2021 peakThe 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.EconomyMay 9, 2022
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Bank of Canada should issue a digital currency, think tank saysThe C.D. Howe Institute says Canadian-dollar-linked stablecoins could become attractive if they are convertible into cash issued by the Bank of Canada.MoneyNov 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.MoneyJun 18, 2021
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Bitcoin’s rising popularity puts pressure on central banks to issue digital currencyBitcoin has shifted from the fringes of finance towards embrace by major investors, companies and even cities.MoneyFeb 15, 2021
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Recent bitcoin rally is ‘speculative mania,’ Bank of Canada warnsThe 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.EconomyFeb 10, 2021
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Bitcoin rally continues as investment from Elon Musk’s Tesla fuels interestBitcoin 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 classMoneyFeb 9, 2021
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Bitcoin swings continue after notching US$40,000 for first timeBitcoin hit another record Thursday, briefly surpassing the US$40,000 mark.MoneyJan 7, 2021
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Bitcoin sets new record, price nearly quadruples in 2020The world's most popular cryptocurrency has surged by nearly half since breaking $20,000 for the first time on Dec. 16.MoneyDec 31, 2020
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How COVID-19 is changing our relationship with cashFears 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.CommentaryJul 13, 2020
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