94% of Canadians have fixed broadband access (as of 2020), with 72% of those with access reporting download speeds of 50 megabits per second. The Canadian Government wants this benchmark speed available to 95% of Canadians by 2026, as it is felt that this speed is suitable for enhanced online activities. As we move away from metropolitan areas, home internet access drops from 95% to 88%, and as age increases, the internet usage drops (from 92% of the average Canadian, to 62% of over 75 year olds).
A 2021 survey investigating Canadian attitudes towards their data security showed that ensuring their personal financial data remains private (94%), that protecting their personal finance from fraud (94%) and that managing their personal finances (93%) are important issues. 40% of Canadians were worried about the use of their personal financial information by their financial institution (residents of Quebec, at 58% were most concerned). Almost half (44%) of Canadians used online banking, with 80% thinking their financial institution kept their financial data safe. 40% of Canadians already use digital wallets, with 19% open to using them in future.