A recent study released by BMO InvestorLine shows that the majority of Canadians continue to rely on traditional news media for investing information and advice. More than 50 percent of the survey respondents indicated that they turn to newspapers or magazines as a primary resource for investment news and education, with 30 percent favouring print editions and 24 percent referencing online editions.
In comparison, social media platforms such as Facebook, Twitter and blogs were far less likely to be considered a trustworthy source of investment information.
“It’s interesting to see that, while an increasing number of Canadians have been embracing social media for a variety of reasons, investors still prefer more traditional media sources for the information and advice they need,” said Viki Lazaris, president and chief executive of BMO InvestorLine.
