Country profile · Edition 1

🇨🇦Canada

North America

Score

86.1

Rank

1 of 46

Overview

Canada ranks 1st of 46 economies, with a score of 86.1 out of 100. It is 1st of 3 ranked economies in North America.

Strongest: Consumer protection, Government support, Financial education and Public awareness (100). Weakest: Youth education (50); Credit literacy (68).

Dimension scores

Credit literacy68.0

Credit access81.0

Financial inclusion90.0

Digital banking98.3

Innovation83.3

Consumer protection100.0

Government support100.0

Financial education100.0

Youth education50.0

Public awareness100.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

68%68% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)

79%79% of credit card users pay their balance in full (Findex, 2021)

81%81% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2021)

98.4%98% of adults have an account (Findex, 2024)

81.6%82% could raise emergency funds within 30 days without great difficulty (Findex, 2021)

98.3%98% of adults made or received a digital payment (Findex, 2021)

51915-year-olds scored 519 on PISA 2022 financial literacy (OECD average 498)

Youth education policy: partial

Financial education is in the school curriculum only in some regions, or as an optional or pilot subject. A standalone course or graduation requirement applies in some regions. Young people are mentioned in the national strategy but not as a priority, or the strategy has expired.

Policy dimensions record whether a policy exists, not how well it works.