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National Financial Literacy StrategyAdopter details
All adopters
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
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
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
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
2 in 3 Canadians understand how compound interest works.
Initiative: Investor Survey
Adopter: Canadian Investment Regulatory Organization
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
35% of investors who have an advisor do not know how their advisors are compensated.
Initiative: Investor Survey
Adopter: Canadian Investment Regulatory Organization
40% of Canadian investors think industry disclosures are adequate.
Initiative: Investor Survey
Adopter: Canadian Investment Regulatory Organization
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
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
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
About 60% of Canadians understand the effect of inflation on savings.
Initiative: Investor Survey
Adopter: Canadian Investment Regulatory Organization
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
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
About half of Canadians understand the relationship between bonds and interest rates.
Initiative: Investor Survey
Adopter: Canadian Investment Regulatory Organization
Canadians who experienced personal health challenges or major life events had fewer investable assets.
Initiative: Investor Survey
Adopter: Canadian Investment Regulatory Organization
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
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
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
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.
Disclaimer
Disclaimer: 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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