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An extensive body of research shows a significant gap in the financial knowledge and capability between men and women. This report sheds new light on the role of gender in financial capability.
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An emerging body of international literature is beginning to reveal a significant connection between financial capability metrics and personality, suggesting that what influences our financial well-being may be more nuanced than we previously thought. In 2015, the Chartered Professional Accountants of Canada (CPA Canada) conducted the first survey to investigate this issue in a Canadian context.
In the first report of our three-part research series, we investigate how the inclusion of personality traits impacts the analysis of the gender difference in financial capability scores. An extensive body of research has shown a significant difference, in which women tend to score lower across a wide range of metrics, which led researchers to believe that gender was an important determinant. Our research findings show that this is not the whole story.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.