
The Bank of Canada has made no secret of its efforts to explore a Central Bank Digital Currency (CBDC), a “digital dollar” issued and controlled by the central bank. The Bank of Canada is not alone. To date, 134 countries and currency unions have explored a CBDC, and 66 countries are already in advanced stages of implementation.
In 2023, cash accounted for a mere 11 percent of total payments made by Canadians. Consumers increasingly tap their credit and debit cards at checkouts, send e-transfers, or use online banking to pay bills, make investments, and donate to charities. For many Canadians, metal coins function less like a currency and more like a locker or shopping cart token; paper bills are for birthday cards, not for “serious” transactions. New legislation in Quebec empowers law enforcement to presume that cash sums of $2,000 or more are the proceeds of unlawful activity.

Researchers have uncovered “possible links” between Ontario’s provincial police force and an Israel-based military-grade spyware maker called Paragon Solutions, raising questions about the extent and scope of Canadian authorities’ use of cyber weapons.
Prime Minister Justin Trudeau’s immigration ministry has been secretly asking Canadians via surveys if they would accept a mandatory national identification program that likely would require each citizen to always have a type of “digital”




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