The rise of social media has given way to a new wave of financial influencers, or “finfluencers”, who leverage their platforms to share insights on finance and investing with their audiences. This report explores the relationship between Canadian retail investors and the financial information they encounter on social media, including a literature review, environmental scan (i.e., a survey and social media data extraction), and online experiment to assess the impact of finfluencers on investing behaviours.

