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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.
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Today we’re launching a large 10-part series on the psychology of investing.
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The principal mandate of the Nova Scotia Securities Commission (NSSC) is to protect Nova Scotia investors. One of the ways we do that is by issuing investor alerts and cautions.
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The losses to investment fraud continue to surge in Nova Scotia and throughout Canada. We’re talking millions of dollars lost last year and high value losses continue to be reported to the Nova Scotia Securities Commission (NSSC) through the first three months of 2025.
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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.
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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.
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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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It doesn’t seem like it, but our Before You Invest blog officially relaunched and became a weekly publication just over eight years ago. During that time, we’ve published nearly 500 posts and more than 175,000 words on basic to intermediate investing topics.
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The Nova Scotia Securities Commission has issued several alerts, cautions, and warnings about crypto asset-related frauds in recent years. Canadians continue to lose millions of dollars to these types of fraud. Recently, fraudsters have also been using Bitcoin ATMs or Crypto ATMs to facilitate the theft of money and assets through fraud.