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Investing basics blog

crypto currency blog
  • Investing basics
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  • investor protections
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  • Types of investment scams

Is crypto a good investment? Understanding the risks and rewards of crypto

After a bleak 2022-2023 marred by controversy and fraud, crypto is back in the spotlight. Driven by news including headlines of the launch of US-based spot ETFs, and evolving regulatory developments, this digital asset has seen a surge in valuation, attracting investors looking for alternative investments. A recent 2023 study by KPMG highlighted that Canada's investment sector was warming up…
retirement savings jar
  • Finances
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  • Seniors

Planning ahead: Preparing for retirement

Most Canadians aspire to having a happy and comfortable retirement. Achieving this goal requires proper financial planning and wise investment decisions. One of the commonly used investment vehicles to achieve this goal is a registered retirement savings plan. However, the question remains if this traditional investment method still holds merit for you. What is an RRSP and how do they…
protect your money from investment scams
  • Investing basics
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  • investor protections
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  • Types of investment scams

Fraud Prevention Month: 4 steps you can take to safeguard your money from investment scams

March is Fraud Prevention Month, a national spotlight that seeks to help Canadians recognize, avoid and report fraud. One of the growing and most insidious forms of fraud are investment scams, where fraudsters prey on those looking for worthwhile opportunities or just the answer to challenging financial circumstances. According to data from the Canadian Anti-Fraud Centre, the amount of money reported…
romance scam texting
  • Investing basics
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  • investor protections
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  • Types of investment scams

Romance Scams: Protect yourself from online investment fraud

The new love interest you have been texting over the last few months – the one you met on social media – has had to cancel your online video date due to a work emergency. You’re disappointed because this is a recurring pattern. But, you push aside your feelings of frustration. After all, this person has been helping you learn…
top crypto scams 2024
  • Investing basics
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  • investor protections
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  • Types of investment scams

Top 3 crypto scams of 2024: Protect yourself from social media, romance and recovery room scams

2023 was a year that saw the crypto industry marred by controversy. Beginning with the collapse of FTX to the more recent money laundering charges against Binance’s Changpeng “CZ” Zhao, there have been many scandals and frauds plaguing the industry. As we move into 2024, crypto scams continue to be a pressing issue worldwide, including in Canada. The Alberta Securities…
unsolicited investments on social media
  • Investing basics
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  • investor protections
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  • Types of investment scams

How to recognize the red flags of an unsolicited investment offer

Criminals frequently use digital channels to deploy investment scams that rob Canadians of their hard-earned money every year. According to a survey by the Canadian Anti-Fraud Centre, Canadians lost more than $161.4 million to investment scams in just the first six months of 2023. While these losses are expected to surpass 2022’s total of $305.4 million, the CAFC estimates that…