September 18, 2024
Bank of Canada shelves idea for digital Loonie
"One of the things that this cryptocurrency revolution has brought to the forefront is that we need to do more innovation," said Karl Schamotta, chief market strategist with Corpay, which helps Canadian companies deal with currency risk. "But at the same time, we also need to preserve safety and many of the features of the monetary system that have been created over centuries and tested out over time," he said.