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Finding

3% of Canadians were victims of a pyramid or Ponzi scheme.

Initiative: Canadian Financial Capability Survey

Adopter: Financial Consumer Agency of Canada

Finding

About 40% of Canadians understand when it is financially beneficial to borrow money.

Initiative: Canadian Financial Capability Survey

Adopter: Financial Consumer Agency of Canada

Finding

About 40% of Canadians compared credit cards from different companies before applying.

Initiative: Canadian Financial Capability Survey

Adopter: Financial Consumer Agency of Canada

Finding

About 75% of Canadians understand what lowers house mortgage costs.

Initiative: Canadian Financial Capability Survey

Adopter: Financial Consumer Agency of Canada

Finding

About 70% of Canadians say they are financially preparing for retirement.

Initiative: Canadian Financial Capability Survey

Adopter: Financial Consumer Agency of Canada

Finding

Fewer than 10% of Canadians reported using a Buy-Now-Pay-Later service during 2021. Most of them understood the amount of each scheduled payment.

Initiative: Pilot Study: Buy Now, Pay Later Services in Canada

Adopter: Financial Consumer Agency of Canada

Finding

About 60% of Canadians understand the effect of inflation on savings.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization

Finding

2 in 3 Canadians understand how compound interest works.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization

Finding

About half of Canadians understand that a mutual fund provides a safer return than an individual stock.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization

Finding

About half of Canadians understand the relationship between bonds and interest rates.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization

The Financial Consumer Agency of Canada does not endorse, directly or indirectly, any adopters of the Measurement Plan, nor does it make any representations or warranties, express or implied, concerning the adopters' products or services or their fitness for a particular purpose.

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