According to a three-year survey, the share of Canadian respondents without access to a bank account slightly increased between 2017 and 2021. The increase seemed especially fueled by the increase of the "unbanked" population - or those who did not have access to the services of a bank or another, similar financial organization - among the poorest respondents as well as women. The share of respondents who were classified under the poorest 40 percent of the country, for example, grew from 0.2 percent in 2017 to 0.6 percent in 2021. The source does not mention whether the figures were rounded. That said, Canada's unbanked population remained relatively small.
Share of unbanked individuals in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Statista. (March 11, 2024). Share of unbanked individuals in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph]. In Statista. Retrieved May 16, 2024, from https://www.statista.com/statistics/1379480/access-to-financial-services-in-canada/
Statista. "Share of unbanked individuals in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level." Chart. March 11, 2024. Statista. Accessed May 16, 2024. https://www.statista.com/statistics/1379480/access-to-financial-services-in-canada/
Statista. (2024). Share of unbanked individuals in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level. Statista. Statista Inc.. Accessed: May 16, 2024. https://www.statista.com/statistics/1379480/access-to-financial-services-in-canada/
Statista. "Share of Unbanked Individuals in Canada in 2011, 2014, 2017 and 2021 with a Forecast for 2024, by Age, Gender, and Income Level." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1379480/access-to-financial-services-in-canada/
Statista, Share of unbanked individuals in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level Statista, https://www.statista.com/statistics/1379480/access-to-financial-services-in-canada/ (last visited May 16, 2024)
Share of unbanked individuals in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph], Statista, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1379480/access-to-financial-services-in-canada/