There have been demands for increasing the transaction limits. Increasing transaction limits by compromising on the KYC would be a risky proposition given its susceptibility to money laundering. As you will be aware increase in transaction limits will need proportionate increase in safety and security of transactions as applicable to other card schemes in the form of an additional factor of authentication.
This could be the first approach that our descendants – future economists, yet to be born, with no inkling of what we just lived through – would take: to study and compare economic cycles in Canada.