Forecast: Number of Transferable Deposits Accounts Held by Banks in Canada

The number of transferable deposit accounts held by banks in Canada showed considerable volatility over the past decade, peaking at 510 million USD in 2015 before stabilizing at 370 million USD from 2017 to 2021. A slight decline was observed in 2022, reaching 360 million USD, and it remained steady through 2023. The decline is expected to continue very gradually, with forecasts predicting a decrease to 350 million USD by 2028. The year-on-year variation in the past two years has been stable, with an average annual reduction over the last five years (CAGR) of -0.56%.

### Future Trends to Watch For:

• Technological advancements and their impact on banking operations and account management.
• Regulatory changes and their potential effects on the banking sector.
• The continuing influence of economic conditions and consumer behavior on deposit accounts.