The Bank of Canada (BoC) says it has been researching the idea of a central bank digital currency (CBDC) for several years to prepare for the future of money and interbank payments. A CBDC would allow individual Canadians, not just chartered banks, to open accounts with the BoC. I remain relatively agnostic on the proposal. It’s not essential at a retail level but I see merit in it at the wholesale level. Read this articleDoes Canada need a central bank digital currency?