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Statistical Profile

The population of Canada is 33.5 million people. 

Consumer Payments by type (2005)

 

Share of Sales

 Cash Payments

29%

 Debit Payments

28%

 Credit Payments

33%

 Other Payment Types 

10%

 Total Consumer Payment Transactions 

100%
Source: Bank of Canada, 2005 Survey

Canadians are the world's most avid users of debit cards and Automated Banking Machines (ABMs). Debit cards have surpassed cash as the preferred method of payment for purchases between $25.00 and $100.00. [1]

Comparison of Banking: United States vs. Canada

Key Area

United States

Canada

Number of Banks

Over 8,500

Approx. 70

Nationwide Branching

Effectively Limited to Regions

Full Nationwide

Check Usage

Very High

Medium

Check Clearing Times

1-3 Days

Same Day

Source: "Commercial Banking in the U.S. versus Canada", Graziadio Business Report, 2007 Volume 10 Issue 4

Financial Cards Transactions (2009)

 

Purchase Volume (bn)

Share

Transactions (million)

Share

 Visa (Credit Only)

$164.11

40.0%

1583

23.8%

 Interac (Debit)

$142.37

34.7%

3882

58.5%

 MasterCard (Credit Only)

$82.06

20.0%

1012

15.2%

 Amex (Charge)

$21.74

5.3%

163

2.5%

 Total Cards Transactions 

$410.28

100%

6640

100%
Source: Nilson Report, March 2010, Issue 944; Mercator, July 2010

Credit Cards

Purchase volume:

US$267.91 billion (65% of all card-based transactions) [4]

Number of transactions:

2758 million (42% of all card-based transactions) [5]

Source: Nilson Reports and Mercator Estimates

Number of card accounts:

Approximately 70 million credit card accounts, Visa and MasterCard (2009) [6]

Approximately 15.5 million American Express

Approximately 7.3 million "other" (store-branded, etc)

Total of 90.9 million credit cards [7]

  • 39.6% Active
  • 70% Pay in full each month
  • 29% Turnover rate annually [8]

Delinquency Rates:

Fiscal Year Ended

October 31

Delinquency Rates %

90 days & Over

2005

0.8%

2006

0.8%

2007

0.9%

2008

1.0%
Source: CBA - Visa and MasterCard Issuers

 

ABM & ACH

ABM Machines

47,000 across Canada (2005) [9]

Paper vs Electronic Items through ACSS (ACH Transactions)

YEAR

Volume Paper

Volume Electronic

Value Paper

Value Electronic

2006

21.04%

78.96%

66.62%

33.38%

2007

19.60%

80.40%

64.61%

35.39%

2008

17.92%

82.08%

61.35%

38.65%

2009

16.44%

83.56%

57.55%

42.45%

2010

(Jan-Jun)

15.96%

467,425,116 transactions

84.04%

2,461,187,859 transactions

55.58%

$1,394,602,821

44.42%

%1,114,379,167
Source: CBA

 

Cash

Percent of Sales

29% of Sales[10]

[1] "Electronic Cash Payments: Canada Loves its Debit Cards, but Will the Cashless Revolution Happen in the U.S.?", informIT, July 22, 2005

[2] "The Canadian Credit Card Market: Tough Sledding", Mercator Research, July 2010

[3] "The Canadian Credit Card Market: Tough Sledding", Mercator Research, July 2010

[4] "The Canadian Credit Card Market: Tough Sledding", Mercator Research, July 2010

[5] "The Canadian Credit Card Market: Tough Sledding", Mercator Research, July 2010

[6] "The Canadian Credit Card Market: Tough Sledding", Mercator Research, July 2010

[7] "Canadian Credit Card Market Facts & Figures", RateSupermarket.ca Blog, September 2010

[8] "Canadian Credit Card Market", idea associates, March 2008

[9] "Electronic Cash Payments: Canada Loves its Debit Cards, but Will the Cashless Revolution Happen in the U.S.?", informIT, July 22, 2005

[10] Bank of Canada, 2005 Survey

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