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A national survey by the Financial Consumer Agency of Canada reveals that 96% of Canadians lack understanding of their financial responsibilities, despite being better at protecting personal identification numbers. The survey indicates a significant rise in banking fraud, with nearly 12,000 victims and over $48 million lost in 2011. The FCAC emphasizes the need for improved financial education to help Canadians better manage their banking and credit information.

Author

Băng Băng Lê

Language

EN