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Cash and Cards Are King: BMO Study
As the Victoria Day long weekend arrives, what payment vehicles will Canadians most likely use for their spending?- Debit cards dominate for retail purchases, such as gas, groceries and drug store items- Most Canadians (81 per cent) use cash and debit for their day-to-day expenditures- Canadians most likely to un-holster their credit cards for 'big-ticket' purchases, such as travel and furniture
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