NSSC Blog: Before You Invest

Reduce debt or invest?

Canadians are carrying around a lot of debt. According to Transunion, the average balance on Canadian credit cards in the third quarter of 2024 was $4,562. That was up nearly seven percent from 2023. That debt is growing because according to a recent survey of Canadians, 48% carry credit cards balances month to month.

Crypto Fraud Prevention: Questions to ask yourself

Nova Scotians have lost millions of dollars to crypto-related frauds in the past year. It is estimated that crypto-related fraud losses in North America during that time are more than a billion dollars. If you are interested in investing in crypto assets, or maybe you already are, there are questions you should ask yourself to help better protect your money and yourself from what is often a catastrophic, unrecoverable financial loss.

Investor alert database and caution list protect investors from potential losses

One of the Nova Scotia Securities Commission’s (NSSC) mandates is to protect investors. One of the ways we do that is by issuing investor alerts and cautions. This could be an alert that an individual, company, or website is illegally soliciting Nova Scotia investors without being registered, or that a Nova Scotia resident has lost money to a fraudulent investment.

March is Fraud Prevention Month

March is Fraud Prevention Month, and throughout the month the Nova Scotia Securities Commission will be delivering fraud prevention content and presentations. Here are some of the presentations and content we have planned in March to help Nova Scotians recognize and avoid investment fraud.

Events and Presentations:

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