The federal Liberals plan to take action today to combat fraud and strengthen Canadians' financial security, the latest in a series of pre-Budget announcements.
finance minister Francois-Philippe Champagne He will be joined at the press conference by Public Safety Minister Gary Anandasangari and State Secretary of Aging Stephanie McLean.
Canadian Anti-Fraud Center has documented more than 30 types of scams targeting Canadian consumers and businesses.
The center's latest annual statistics report found that people under 50 are more likely to be victims of fraud, but people over 50 lose more money on average per scam.
The 2024 report added that total losses among people age 60 and older accounted for about 40 percent of the total dollar losses reported by the center.
IN spring federal elections The Conservatives have proposed ensuring that Canadian banks and mobile phone companies do a better job of identifying fraud, alerting potential victims and blocking suspected fraud in real time.
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The Conservatives have also promised to increase fines and prison sentences for criminals who defraud vulnerable Canadians if they form a government.
Champagne is scheduled to be submitted to the federal budget on November 4.
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