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Adopter Details Canadian Investment Regulatory Organization

The Canadian Investment Regulatory Organization (CIRO) is the pan-Canadian self-regulatory organization that oversees all investment dealers, mutual fund dealers, and trading activity on Canada’s debt and equity marketplaces. The Office of the Investor has a mandate to support policy development, educate investors, engage in investor outreach, perform investor research, and support the Investor Advisory Panel (IAP).

Organization type

  • Industry Association

Website

Country

  • Canada

Related priorities

This adopter has contributed to the following priorities and target outcomes of the National Financial Literacy Strategy: 

Priority 1

Communicate in ways people understand

  • Target outcome 1.1

Priority 2

Build and provide for diverse needs

  • Target outcome 2.1

Priority 3

Support increased digital access and digital literacy

  • Target outcome 3.1

Priority 4

Enhance access to trustworthy and affordable financial help

  • Target outcome 4.1

Priority 6

Strengthen consumer protection measures

  • Target outcome 6.2
  • Target outcome 6.3
Related headlines
No related headlines found
Related findings
Finding

1 in 5 Canadians are DIY investors. DIY investing is more popular among racialized Canadians (28%) than it is among non-racialized Canadians (18%).

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

18% of Canadian investors did not submit a formal complaint when they had concerns about their investment accounts, citing "nothing would come of it" as a top reason.

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

20% of Canadian investors do not know whom to contact if they want to make a formal complaint.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

35% of investors who have an advisor do not know how their advisors are compensated.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

40% of Canadian investors think industry disclosures are adequate.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

54% of Canadians have received information on identifying investment fraud, mainly from bank resources, online material, financial advisors, or social media.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

About 1 in 5 Canadians approached with a fraudulent investment opportunity were defrauded, with first-generation Canadians being most vulnerable to this type of fraud.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

About 1 in 5 Canadians say they have been exposed to possible investment fraud; of those, 14% reported it, 81% did not and 5% did not know.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

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

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

About half of Canadians do not own investments, citing not having enough money to invest as the top reason.

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
Finding

Canadians who experienced personal health challenges or major life events had fewer investable assets.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

Canadians’ top preference for receiving information about their investments is through digital channels (68%) followed by meeting with their advisor or getting a paper copy of their investment banking statement (15% each).

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

Only 1 in 4 Canadians can correctly identify the compounding effect of fees on investments over time.

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Finding

Racialized Canadians are more likely to self-report having a higher risk tolerance (16%) compared to other Canadians (6%).

Initiative: Investor Survey

Adopter: Canadian Investment Regulatory Organization
Related measures
Use the Opens in new tabMeasures Library to search for Strategy-Aligned Measures (SAMs) that help stakeholders in the financial ecosystem track progress toward achieving the National Strategy’s target outcomes.
Related initiatives
Initiative

Investor Survey

The objective of the national investor survey is to help CIRO understand the attitudes, knowledge, beliefs and behaviours of Canadians, particularly Canadian investors.
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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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