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Bank of Canada admits ‘significant’ number of citizens would resist digital dollar

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From LifeSiteNews

By Anthony Murdoch

A significant number’ of Canadians are suspicious of government overreach and would resist any measures by the government or central bank to create digital forms of official money.

A Bank of Canada study has found that Canadians are very wary of a government-backed digital currency, concluding that “significant number” of citizens would resist the implementation of such a system.

The study, conducted by the Bank of Canada, found that a “significant number” of Canadians are suspicious of government overreach, and would resist any measures by the government or central bank to create digital forms of official money.  

According to results from the BOC’s report titled The Consumer Value Proposition For A Hypothetical Digital Canadian Dollar, “cash remains an important method of payment” for Canadians and “[c]ertain groups may strongly resist a digital dollar if they conflate its launch with the end of cash issuance.” 

The BOC noted that not only would a “significant number” of Canadians “reject” digital money, but that for some “mindset segments, their lack of interest in a hypothetical digital Canadian dollar was heavily influenced by perceptions of government overreach.” 

As reported by LifeSiteNews in September, the BOC has already said that plans to create a digital “dollar,” also known as a central bank digital currency (CBDC), have been shelved. 

The shelving came after the BOC had already forged ahead and filed a trademark for a digital currency, as LifeSiteNews previously reported. 

Officials from Canada’s central bank said that a digital currency, or electronic “loonie,” will no longer be considered after years of investigating bringing one to market.  

However, that does not mean the BOC is still not researching or exploring other options when it comes to digital money. As noted by researchers, despite there being some “interest” in a “hypothetical digital Canadian dollar,” that “interest does not necessarily translate to adoption.” 

“Most participants felt well served by current means of payment,” noted the study, adding, “Individuals who support the issuance of a hypothetical digital Canadian dollar did not imagine themselves using it regularly.” 

“They were skeptical of the need for this new form of money and of its reliability,” read the report, which also noted, “They did not trust that concepts were secure or that their personal information would be kept private.” 

Given the results from the report, the bank concluded that “[b]road early adoption” of a digital dollar “is unlikely given that available payment methods meet the needs of most users.” 

“Financially vulnerable segments often have the most to gain from this payment method but are most resistant to adoption. Important considerations for appeal and adoption potential include universal merchant acceptance, low costs, easy access, simplified online payments, shared payment features, budgeting tools and customizable security and privacy settings,” it noted.  

Digital currencies have been touted as the future by some government officials, but, as LifeSiteNews has reported before, many experts warn that such technology would restrict freedom and could be used as a “control tool” against citizens, similar to China’s pervasive social credit system.  

Most Canadians do not want a digital dollar, as previously reported by LifeSiteNews. A public survey launched by the BOC to gauge Canadians’ taste for a digital dollar revealed that an overwhelming majority of citizens want to “leave cash alone” and not proceed with a digital iteration of the national currency.  

The BOC last August admitted that the creation of a CBDC is not even necessary, as many people rely on cash to pay for things. The bank concluded that the introduction of a digital currency would only be feasible if consumers demanded its release.  

In August, LifeSiteNews also reported that the Conservative Party is looking to gather support for a bill that would outright ban the federal government from ever creating a digital currency and make it so that cash is kept as the preferred means of settling debts.    

Conservative leader Pierre Poilievre promised that if he is elected prime minister, he would stop any  implementation of a “digital currency” or a compulsory “digital ID” system.  

Prominent opponents of CBDCs have been strongly advocating that citizens use cash whenever possible and boycott businesses that do not accept cash payments as a means of slowing down the imposition of CBDCs.  

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Biden Admin Spent A Trillion Taxpayer Dollars To Embed DEI Across Government, Study Says

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Center For Renewing America

Digging for DEI Dollars: Watchdog Report Identifies 460 Programs Across 24 Federal Agencies

The Functional Government Initiative and the Center for Renewing America identify at least a trillion dollars’ worth of divisive, identity-based programs and policies among the federal thicket and make suggestions that could ensure they don’t come back.

On his first day back in office, President Trump issued an executive order to eliminate “radical and wasteful” Diversity, Equity, and Inclusion (DEI) “programs and preferences” from the federal government. The Biden administration embraced this “woke” agenda and embedded it across the executive branch. Ensuring these programs do not make a comeback will take a sustained effort.

To help the administration in this task, and to help educate the public on the scope of the problem, the Functional Government Initiative (FGI) and the Center for Renewing America (CRA) have published DEI Spending in the Biden Administration. This report traces the Biden administration’s web of DEI programs and influence throughout the government, provides numbers on how much money these programs and initiatives wasted, and offers options for Congress to consider that could root out DEI ideology permanently.

A crucial guide to uncovering the myriad DEI expenditures, both small and large, were the “Equity Action Plans” (EAPs) that President Biden demanded across the government. The Biden administration claimed that these plans were designed to identify and remove barriers keeping federal resources from “marginalized” or “underserved” communities, particularly in areas like procurement, contracting, and grant opportunities. In reality, the systemic focus on DEI poisoned federal governance, contributing to the substantial increase in related spending and diverting resources toward controversial policies, away from agency missions. The Biden administration forcibly inserted the language of DEI into every corner of the executive branch.

The study identified 460 programs across 24 government agencies that diverted resources to DEI initiatives. At least $1 trillion was infused with DEI principles. Here are some examples taken from various EAPs:

  • The Defense Department planned to “Integrate environmental/economic justice tools.”
  • FEMA found the need to “Install equity as a foundation of emergency management.”
  • The Department of Labor “must embed equity in a sustainable manner that recognizes the multiple and overlapping identities held by workers.”

President Trump’s swift actions and executive orders stopped these efforts. To ensure a future president can’t just reverse course upon taking office, Congressional action could banish DEI philosophies for good. Our report includes suggestions for lawmakers to consider for eliminating DEI and other radical ideologies—detailed legislative proposals that could prevent the resurrection of poisonous ideas and practices in our national government.

Wade Miller, Senior Advisor for CRA, issued the following statement:

“DEI is deeply rooted throughout all aspects of the federal government, and it needs to be eliminated completely. Thankfully, the Trump administration has already embarked on a vitally necessary complete audit of each and every government program. We offer, in this report, what we hope are additional resources and tools that the new administration and Congress can use to identify, destroy, and permanently remove DEI from the federal government.”

Roderick Law, spokesman for FGI, issued the following statement:

“The dual study could both expedite the elimination of DEI from the executive branch and show just how quickly pernicious ideologies can spread inside the government. The nature of DEI is both divisive and anti-American, so why force it onto the military, the Commerce Department, or the EPA? After President Biden lavishly funded and pushed these controversial principles into every possible area of government, our hope is that raising these questions and offering Congress and responsible executive branch officials tools and suggestions can keep it from happening again.”

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Sec. of State Marco Rubio announces major overhaul at USAID, cancels 83% of programs

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MXM logo MxM News

Quick Hit:

After a six-week review, Sen. Marco Rubio announced the cancellation of 83% of USAID programs, citing wasteful spending and harm to U.S. national interests. The move eliminates 5,200 contracts worth tens of billions of dollars, with remaining programs shifting under the State Department for better oversight. Rubio thanked staff for their efforts in implementing what he called a “historic reform.”

Key Details:

  • Sen. Marco Rubio revealed that 5,200 USAID contracts have been canceled after a six-week review.
  • The cuts affect tens of billions in foreign aid, which Rubio argued was not serving U.S. national interests.
  • The remaining 1,000 programs will be administered under the State Department with improved oversight.

Diving Deeper:

In a sweeping reform of U.S. foreign aid spending, Sen. Marco Rubio (R-FL) announced on Monday that the federal government has canceled 83% of programs administered by the United States Agency for International Development (USAID). According to Rubio, the decision followed a six-week review that exposed extensive waste, inefficiency, and, in some cases, harm to core U.S. national interests.

“The 5,200 contracts that are now canceled spent tens of billions of dollars in ways that did not serve, and in some cases even harmed, the core national interests of the United States,” Rubio stated. His move reflects growing scrutiny among conservatives regarding how taxpayer money is used in foreign aid, particularly under USAID, which has long been criticized for funding controversial projects abroad.

Rubio clarified that approximately 1,000 remaining programs—just 18% of USAID’s previous operations—will now be administered under the State Department. This transition, he noted, will ensure these programs are managed more effectively with greater oversight from Congress. His announcement signals a significant shift in how the U.S. approaches foreign aid, moving toward a more targeted and strategic approach rather than broad, unchecked spending.

The decision has drawn praise from fiscal conservatives who have long argued that USAID’s operations lacked accountability and often funded programs that failed to advance American interests. Critics of the agency have pointed to cases where U.S. foreign aid dollars went to projects promoting ideological agendas or funding corruption in foreign governments.

Rubio thanked the Department of Global Engagement (DOGE) and USAID staff who worked tirelessly to carry out what he described as a long-overdue reform. The announcement is likely to spark debate in Washington, as Democrats and globalist policymakers have traditionally defended USAID’s expansive role in international development.

The restructuring of USAID under the oversight of the State Department represents a dramatic reimagining of America’s foreign assistance strategy—one that prioritizes accountability and ensures taxpayer dollars are spent in direct service of national security and diplomatic goals.

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