Canadian consumers showed skepticism toward the widespread early adoption of the Bank of Canada’s (BOC) concept of a digital dollar. The Canadian central bank recently conducted research to identify consumers’ changes in preferences for payments, ultimately aimed at preparing itself for the development of an in-house central bank digital currency (CBDC). The BOC’s research paper released on Oct. 28 reaffirmed Canadians’ long-standing affinity toward traditional, fiat-based payment systems amid growing support for the issuance of a digital Canadian dollar. According to a Bank of Canada survey f…