https://blogs.ubc.ca/christopheryim/2012/11/19/canadians-love-their-cash/

Christopher talked about how Canadians are using more and more cash nowadays, according to the source, “The value of bank notes in circulation has been increasing at an annual rate of 5% since 2000”. I find this quite shocking as I don’t really see people using cash in Vancouver. I see people using debit and credit payment everywhere. As an international student, I found it amusing at first seeing people paying a cup of coffee with their debit. I had always thought that the circulation rate will decrease instead of increasing so steadily.

What interests me more is how Canadians will react now that the new bills are out. I personally like this so much better than the original ones and am more willing to use them as they feel cleaner and nicer. I am guessing the Canadians will use more cash now that the new bills are out. It’s also surprising how Canadians uses larger denomination notes as I would’ve thought that they would use $20 more than $100 bills. I really enjoyed reading this article as I think it’s quite mind-blowing.