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Another thing to remember about Canada is that we don't use cash as much as the US. Cash accounts for less than half (44%), by volume, of transactions in Canad

Another thing to remember about Canada is that we don't use cash as much as the US. Cash accounts for less than half (44%), by volume, of transactions in Canada. I'm not sure what the split between Interac (direct debit from your bank account) and credit cards is, but the mechanics of the transaction are almost identical - Interac prompts you for an account to pay from, both prompt for your PIN. When you pay for something electronically, the rounding rules don't apply. If my bill comes to $10.42, I can save two cents by paying cash thanks to the rounding rules. But if it comes to $10.98, I save two cents by paying electronically.

seanmcdirmid 6y ago
> Cash accounts for less than half (44%), by volume, of transactions in Canada. That’s about where the USA is as well. Cash is used in 31% of consumer transactions. https://www.cnbc.com/2018/08/06/spike-the-dollars-obit-cash-is-still-a-growth-business.html https://www.cnbc.com/2018/08/06/spike-the-dollars-obit-cash-... Anecdotally I haven’t carried cash around in years.
- blaser-waffle 6y ago
  > Anecdotally I haven’t carried cash around in years. Generally I keep a $40 in the wallet just in case there is a cash-only situation, but that's literally just a backup -- 99% of transactions are on some kind of card.