Financial Consumer Agency of Canada

Financial Consumer Agency of Canada

November 20, 2014 08:30 ET

Government of Canada Consults on the National Financial Literacy Strategy

Consultations will focus on young Canadians and adults in the third and final phase of the Government's work towards a national strategy that is inclusive, relevant and accessible to all Canadians

FREDERICTON, NEW BRUNSWICK--(Marketwired - Nov. 20, 2014) - Financial Consumer Agency of Canada

Today, Canada's Financial Literacy Leader Jane Rooney consulted on the development of a national strategy to strengthen the financial literacy of Canadians. This phase of the process builds on previous consultation sessions that were focused on seniors and identified priority groups, working to ensure broad input into the strategy's development.

The consultation paper Toward a National Strategy for Financial Literacy, Phase 3: Young Canadians and Adults is intended to encourage discussion. It invites comments on how to strengthen the financial literacy of young Canadians and adults as they navigate through an increasingly complex financial world. Stakeholders from the public, private and non-profit sectors will take part in in-person sessions across the country. All Canadians are encouraged to submit their comments on the consultation paper by mail or email by December 31, 2014.

Quick facts

  • The Government is committed to working with stakeholders to develop a National Strategy for Financial Literacy that takes into consideration ways to meet the needs of Canadians at different stages of their lives.

  • The Government launched phase one of the strategy, Strengthening Seniors' Financial Literacy, on October 16, 2014.

  • The full National Strategy for Financial Literacy will be released in 2015.

  • During the second phase of consultations, the focus was on the priority groups-Aboriginal peoples, newcomers to Canada, persons with disabilities and Canadians with low-incomes-that had been identified in the 2009 Canadian Financial Capability Survey. Online consultations continue until December 10, 2014.

Quotes

"Canadians are called upon to make increasingly complex financial decisions at an ever-younger age. It is important that we provide all Canadians with the financial knowledge and skills they need at every stage of their lives. This will have a profound impact not only on the individual's financial well-being, but also on our entire economy."

-Kevin Sorenson, Minister of State (Finance)

"Our goal is a Canada where every Canadian has the knowledge, skills and confidence he or she needs to make responsible financial decisions. We want to hear from Canadians so that we better understand the information and tools they need to make financial literacy a reality for all."

-Jane Rooney, Financial Literacy Leader

Related Products

- News release: Government of Canada releases financial literacy strategy for seniors

- News release: Government of Canada consults on the national strategy for financial literacy

- Backgrounder: Recent Financial Consumer Initiatives

Associated Links

- Strengthening Seniors' Financial Literacy Strategy

- Canada's Task Force on Financial Literacy and its recommendations

- Financial Literacy Leader

- National Steering Committee on Financial Literacy

- FCAC's educational programs

- Financial Literacy Month 2014

Contact Information

  • Financial Consumer Agency of Canada
    Natasha Nystrom
    Media Relations Officer
    1-613-941-4168
    Natasha.Nystrom@fcac-acfc.gc.ca

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    Financial Literacy Leader
    leader-chef@fcac-acfc.gc.ca
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