Appearance before the Standing Committee on Finance (July 7, 2020): Monitoring surveys on the financial impact of COVID-19 on consumers


COVID-19 has impacted the employment, financial well-being and banking behaviours of Canadians. Data are needed to measure this impact and inform the Agency’s ongoing supervisory activities, policy and program responses, and consumer education materials.


Over the coming months, FCAC will be conducting two surveys of Canadian residents aged 18 and older to achieve these outcomes:

The surveys are designed to enable FCAC to conduct Gender-based Analysis Plus (GBA+) and obtain results for key vulnerable groups (e.g., lower income individuals, persons with high school education or less, recent immigrants, and Indigenous persons).

Data/Quick facts

Together, these surveys will measure the effects of the COVID-19 crisis on the following:

Key messages

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