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Oct 28, 2020
Canadians’ self-reported risk tolerance has remained relatively unchanged since 2017, despite a rapidly changing economic environment in 2020.
Calgary – A survey conducted for the Canadian Securities Administrators (CSA) shows that 37 per cent of Canadian investors report being “very” or “fairly” aggressive in their investing risk tolerance in 2020, compared to 35 per cent in 2017.
The 2020 CSA Investor Index survey, which measured investment knowledge, investor behaviour and incidences of investment fraud among Canadians, found that fewer investors are reviewing their risk tolerance on a regular basis. Only 48 per cent of respondents reviewed their risk tolerance within the last year, down from a high of 62 per cent in 2006.
“Despite the economic environment in 2020, it’s encouraging that Canadian investors’ confidence and risk tolerance has remained relatively steady,” said Louis Morisset, Chair of the CSA and President and CEO of the Autorité des marchés financiers. “However, it is important that investors remain diligent, especially during uncertain economic times. Reviewing risk tolerance regularly and developing a financial plan helps investors ensure their investments are aligned with their goals.”
Other findings of the survey include:
The 2020 CSA Investor Index survey was conducted online from August 24 to September 8, 2020 by Innovative Research Group in both English and French. It consisted of a representative sample of 7,537 Canadian adults, weighted by age, gender and province or territory from the nationally representative panel managed by Survey Sampling International (SSI) and Ipsos. The online sample was also weighted by the results of an August 2020 national telephone survey of 1,223 Canadians, 18 years of age or older.
The 2020 CSA Investor Index is available in both English and French on the CSA website.
The CSA has tools to help investors check registration and avoid investment fraud. These resources are available in the Investor Tools section of the CSA website and investors are encouraged to visit the site to learn more about making informed investment decisions.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
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For more information:
Kristen Rose Ontario Securities Commission 416-593-2336 firstname.lastname@example.org
Sylvain Théberge Autorité des marchés financiers 514-940-2176
Jason Booth The Manitoba Securities Commission 204-945-1660
Steven Dowling Government of Prince Edward Island Superintendent of Securities 902-368-4550
Tom Hall Office of the Superintendent of Securities, Northwest Territories 867-767-9305
Jeff Mason Nunavut Securities Office 867-975-6591
Theresa Schroder Senior Advisor, Communications 403.297.4231
Marissa Sollows Financial and Consumer Services Commission, New Brunswick 506-643-7853
Shannon McMillan Financial and Consumer Affairs Authority of Saskatchewan 306-798-4160
David Harrison Nova Scotia Securities Commission 902-424-8586
Renée Dyer Office of the Superintendent of Securities Newfoundland and Labrador 709-729-4909
Rhonda Horte Office of the Yukon Superintendent of Securities 867-667-5466