Based on the provided data, the number of cards with a debit function per inhabitant in Canada stood at 0.76 in 2023. The forecasted values indicate a stable trend from 2024 to 2026 at 0.76, with a slight increase to 0.77 in 2027 and 2028.
Year-on-year variation remains consistent at 0% from 2024 to 2026, with a modest increase of approximately 1.32% from 2026 to 2027. This steady growth also carries into 2028. The average annual growth rate (CAGR) over the last 5 years is minimal, suggesting a very stable market.
Future trends to watch for include potential shifts in consumer behavior towards mobile payment solutions, increasing competition from digital banks, and regulatory changes that might influence the market landscape. Continuous monitoring of technological advancements and their adoption rate will be crucial in understanding future variations in debit card usage per inhabitant.
