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Social Media and Retail Investing: The Rise of Finfluencers
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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. 

Author: Ontario Securities Commission
Topic: Consumer protection, Financial behaviour/decisions
Publisher: Ontario Securities Commission
Location: Canada
Format: Report, Reports/Articles
Content Type: Research
Publication Date: February 1, 2026