The Bank of Canada (BOC) is shelving its plan to introduce a central bank digital currency (CBDC). Tiff Macklem, governor of the BOC, addressed the Institute of International Finance and the Canadian Bankers Association late last month, and declared that “there is not currently a compelling case to move forward with a CBDC in Canada.”...
Tag: cash
Cash for St. John’s abuse victims by month’s end
Nearly 300 victims — or their surviving loved ones — who suffered abuse at Mount Cashel Orphanage in St. John’s, N.L., during the 1940s, ‘50s and ‘60s, or by Archdiocese of St. John’s clergy, will receive the initial disbursement of their long-awaited monetary restitution before the end of this month. On Oct. 8, Justice Garrett...