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Learn moreNov 2020
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The COVID-19 restrictions on retail operations are set to bring about significant declines in transaction volumes and value for credit cards in 2020. Despite this, credit cards will remain by far the most popular type of financial card in Canada in both the personal and commercial environments.
The COVID-19 pandemic is leading to declining usage of credit cards in 2020 in both the personal and commercial environments. Despite the government support provided to consumers who have been financially impacted by the epidemic and the measures implemented to control its spread, many Canadians have seen their personal and household budgets negatively affected to a significant degree during the outbreak.
In a further illustration of the widespread financial impact of the COVID-19 epidemic, Canadian financial institutions are taking steps to provide some financial relief to their clients. The larger Canadian banks are cutting interest rates for customers in financial difficulties as a result of the pandemic.
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Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Canada with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Credit Card Transactions industry in Canada, our research will save you time and money while empowering you to make informed, profitable decisions.
The Credit Card Transactions in Canada market research report includes:
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Euromonitor’s industry reports, including Credit Card Transactions in Canada, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.