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More people are using credit cards, which has retailers seeking relief.
Switching to digital payments would boost the economy, a new study argues.
"We're focused on putting cash out of business."
In Canada, merchants pay much more than businesses in other parts of the world for accepting credit card payments.
Two of the biggest companies doing retail business in Canada are at war with each other: Visa and Walmart. Most Canadians have not noticed, though, because the war is taking place only in select markets. However, if the current trend continues, it could be -- as the slogan goes -- coming soon to a store near you.
Visa is retaliating for Walmart's decision to stop accepting the credit card in Manitoba.
Analysts believe Walmart is hurting from its war with Visa.
Having the public's sympathy might not help Walmart's bottom line.
In the hit movie The Martian Matt Damon's character, astronaut Mark Watney, is left in the dust of Mars alone to survive. He realizes that to live, "I'm going to have to science the sh*t out of this." There are some lessons in there for the Trudeau government as they conduct their consultations on Canada's wait-and-see innovation budget.