The Financial Post reports in its Friday, Nov. 17, edition that a new report by Canada's central bank says Canadians favour cash payments over digital ones, especially for smaller sums. A Canadian Press dispatch to the Post reports that the Bank of Canada report, based on two surveys conducted by the bank in 2015 and 2013, found 51 per cent of transactions were made in cash in 2015, with debit cards coming next at 31 per cent and credit cards last at 19 per cent. It noted nearly all small businesses (94 per cent) and large businesses (98 per cent) accept cash, and most shoppers carry physical money in their wallets. The report found the median amount of a cash transaction is the smallest of any method at $8.04, a debit transaction is $28.33 and a credit card transaction is $43.85. Only two-thirds of small-sized and medium-sized businesses accept debit and credit cards, it said. The report cautions cash could eventually be replaced by continued innovations in payment methods. The report says, "As merchant acceptance of contactless payments increases, consumers may use their debit and credit cards more frequently, accelerating the decline in the use of cash."