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Findings, initiatives, adopters and headlines that collectively improve financial literacy in Canada
About 75% of Canadians understand what lowers house mortgage costs.
Initiative: Canadian Financial Capability Survey
Adopter: Financial Consumer Agency of Canada (FCAC)
85% of those shopping for chequing accounts and 80% of those shopping for credit cards said the recommendations they received were appropriate.
Initiative: Mystery Shopping at Domestic Retail Banks
Adopter: Financial Consumer Agency of Canada (FCAC)
3% of Canadians were victims of a pyramid or Ponzi scheme.
Initiative: Canadian Financial Capability Survey
Adopter: Financial Consumer Agency of Canada (FCAC)
In 2020, 75% of Canadians reported having conducted online banking.
Initiative: Canadian Internet Use Survey
Adopter: Statistics Canada
80% of QUBER users accepted a saving challenge, and of those, more than 80% successfully completed the challenge.
Initiative: Canadian Internet Use Survey
Adopter: Statistics Canada
More than 60% of QUBER users took action to save money based on a behavioural nudge in the app.
Initiative: Financial Well-Being Survey
Adopter: Consumption Research Norway
65% of QUBER users accepted and successfully completed a saving challenge, and of those, 80% continued with other saving goals.
Initiative: Canadian Financial Capability Survey
Adopter: Financial Consumer Agency of Canada (FCAC)
40% of workshop participants opened tax-free savings accounts for emergency savings.
Initiative: Mortgage Consumer Survey
Adopter: Canada Mortgage and Housing Corporation
Finding#1 English
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