Cashless society
Do we even need cash? Wired editor David Wolman spent one year living without physical currency to find out.
Changes to flight passenger rights in Canada
New rules clarify when travellers are compensated for flight disruptions.
•Do we even need cash anymore? Wired contributing editor David Wolman spent one year living without physical currency to find out. He details his findings in a new book, “The End of Money.” Wolman is not alone in his thinking. A new Leger Marketing survey for PayPal suggests the idea of a cashless society is gaining considerable momentum in Canada. The pollster found 71% of respondents are comfortable with never having to handle cash to make a purchase, up 27% from 2011. A full quarter already go more than a week without using cash.
•Canada’s housing market is cooling off, according to a new Scotiabank real estate report. Despite a nearly 2% price drop in the first quarter, the country continues to outperform other developed nations, it said.
• “There are very few free lunches in finance, or in life.” That’s just one piece of advice in a letter from Russ Koesterich, CFA, to his 7-year-old son. Read the full letter here.
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