Desperate Canadian Youth a Growing Target For Investment Scams

Strapped for cash and facing one of the bleakest job markets in decades, Canada’s young people are increasingly falling victim to financial fraudsters.

Canadians aged 18 to 24 reported losing money to investment fraud at the highest rate on record last year, with their level of victimization surpassing senior citizens for the first time, according to a survey from financial regulators that goes back to 2006.