Vancouver, BC - April 11, 2025 - As Canada approaches the 2025 federal election, a wave of disinformation is sweeping across social media platforms, fueled by fake news articles promoting a fictitious government initiative known as "CanFirst."

Purporting to be a federal cryptocurrency investment program, CanFirst is allegedly backed by Prime Minister Mark Carney and designed to deliver risk-free income to Canadians as a countermeasure to U.S. tariffs imposed by former President Donald Trump. Several fraudulent posts even claim that Trump is “furious” over Canada’s financial edge and that Carney has promised to redistribute wealth via a government-backed digital currency.

These sensational claims are entirely fabricated.

No Record of Program, Prime Minister Statement, or Media Coverage

There is no official government program named CanFirst, and Prime Minister Mark Carney has not announced or endorsed any federal cryptocurrency investment initiative. In fact, there is no public record or press release from the Prime Minister’s Office supporting the claims being circulated.

Further, credible news outlets such as CBC have not reported on CanFirst, despite the fake articles falsely attributing quotes and bylines to CBC personalities, including political journalist Rosemary Barton.

Scam Mimics Real Events to Mislead Public

The CanFirst hoax appears to be part of a broader, more sophisticated online scam operation that capitalizes on economic anxieties and current affairs. Some fake articles reference real political events—like Carney’s recent March 21 announcement on tariff relief—to appear credible.

These scams typically link to fraudulent websites urging readers to register for “CanFirst accounts,” promising rapid profits, zero-risk investments, and deposits “insured by the Canadian government.” No such investment vehicle exists, and federal agencies have issued no statements supporting these claims.

CBC and Fact-Checkers Sound the Alarm

CBC’s Visual Investigations Unit has previously uncovered similar scams, such as those involving "Quantum AI"—another fake platform that used fabricated news coverage and celebrity endorsements to defraud unsuspecting investors.

The CanFirst narrative appears to be the latest iteration, with scam websites quickly updating content to reflect recent political developments. CBC and other media watchdogs warn that these schemes are designed to create an illusion of legitimacy while steering users toward fraudulent platforms.

Social Media Struggles to Respond

Despite growing awareness, social media platforms like Facebook continue to struggle in curbing the spread of these ads. Some flagged accounts have been taken down, but many continue to circulate, often targeting vulnerable or politically engaged users.

How to Protect Yourself

Experts are urging the public to remain vigilant and skeptical of any online advertisement promising guaranteed profits—especially those tied to high-profile figures like Carney or Trump. Key red flags include:

  • Claims of "government-backed" cryptocurrency investment platforms.
  • Promises of “doubling or tripling salaries overnight.”
  • Fake endorsements from news outlets or political leaders.

Always verify investment opportunities with credible sources such as the Canadian Securities Administrators (CSA) or the Financial Consumer Agency of Canada (FCAC) before engaging.

Bottom Line: The CanFirst program is a fabrication. No government body in Canada has endorsed or launched a cryptocurrency initiative of this nature. If it sounds too good to be true, it probably is.

#Investment Scam Alert #Crypto Fraud #Fake News Canada #Can First Scam #Election 2025 Canada #Mark Carney Fake News #Protect Your Finances #Digital Currency Scam #Elke Porter

Connect with Elke at Westcoast German Media or on LinkedIn: Elke Porter or contact her on WhatsApp:  +1 604 828 8788

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