The federal Liberals plan to implement measures immediately to fight fraud and bolster Canadians’ monetary safety – the most recent in a sequence of pre-budget bulletins.
Finance Minister François-Philippe Champagne will probably be joined at a press convention by Public Security Minister Gary Anandasangaree and Stephanie McLean, Secretary of State for Seniors.
The Canadian Anti-Fraud Heart has documented greater than 30 forms of fraud in opposition to Canadian customers and companies.
The middle’s most up-to-date annual statistical report says people below age 50 had been extra prone to be victims of fraud, however these over age 50 misplaced more cash, on common, to fraud.
The report for 2024 provides that the overall quantity misplaced by individuals aged 60 and over represented about 40 p.c of the overall greenback loss reported to the middle.
Within the spring federal election marketing campaign, the Conservatives proposed guaranteeing that Canadian banks and cellular phone corporations did a greater job of detecting fraud, alerting potential victims and blocking suspected fraud in actual time.
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The Conservatives have additionally promised to extend fines and jail sentences for criminals who defraud susceptible Canadians in the event that they type authorities.
Champagne is predicted to current the federal funds on November 4.
© 2025 The Canadian Press
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