Financial Consumer Agency of Canada

Financial Consumer Agency of Canada

November 06, 2014 14:25 ET

National Conference on Financial Literacy Focuses on Collaboration and Unveils New Canadian Financial Literacy Database #FinLitConf

Unique event brings together stakeholders to share best practices

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 6, 2014) - Financial Consumer Agency of Canada

Representatives from grass-roots groups, government and non-profit organization leaders, private-sector stakeholders and academia are gathering today and tomorrow in Vancouver to share best practices and success stories in boosting financial literacy, methods to evaluate the effectiveness of learning programs, and findings of the latest research in the field.

A unique combination of presentation, collaboration and consultation, the 2014 National Conference on Financial Literacy brings together leaders in financial literacy from across Canada and around the world to share research and ideas around the theme "strengthening financial literacy through collaboration."

During the conference, the Government of Canada will unveil:

  • a new Canadian Financial Literacy Database which provides Canadians with comprehensive information on the financial literacy resources, events and tools available from various financial education providers, including the public, private and non-profit sectors across the country
  • a Self-assessment quiz which allows Canadians to assess their financial literacy skills and knowledge and see how they compare to other Canadians on five domains of financial capability. The Self-assessment quiz and Canadian Financial Literacy Database can be accessed through the Financial Consumer Agency of Canada's website, itpaystoknow.gc.ca.

Roundtable discussions will also allow participants to voice their ideas about how best to reach and engage Canadians. This input will be used by the Financial Literacy Leader in shaping the development of a national strategy for financial literacy, which will be revealed in 2015.

Quick facts

  • November is Financial Literacy Month in Canada. Follow the conversation on Twitter via the #FLM2014 hashtag or the Financial Literacy Month in Canada Facebook page.
  • The Conference is hosted by Financial Consumer Agency of Canada (FCAC) and takes place at the Sheraton Wall Centre, Vancouver, B.C.
  • Preet Bannerjee, author, columnist and speaker, is the Master of Ceremonies.
  • Minister of State (Finance) Kevin Sorenson, FCAC Commissioner Lucie Tedesco and Financial Literacy Leader Jane Rooney will all give welcoming remarks.
  • The 2014 National Conference on Financial Literacy is the fourth hosted by FCAC.
  • The Government, spearheaded by Canada's Financial Literacy Leader, is currently shaping a national strategy for financial literacy and consulting with the public and stakeholders.
  • The first phase of this strategy focused on seniors and was released on October 16, 2014. The second phase of consultations focuses on Canadians with low incomes, Canadians with disabilities, newcomers to Canada and Aboriginal peoples. The third phase focuses on children, youth and adults. Both the second and third phase consultations are ongoing. The complete national strategy is expected to be released in 2015.

Quotes

"Our Government is proud to be a world leader in promoting financial literacy for all Canadians. When Canadians have the skills they need to make solid financial choices, our entire economy benefits. Financial literacy is an increasingly important issue for Canadians of all ages, particularly given today's growing and complex financial landscape. This conference, fittingly held during Financial Literacy Month, could not come at a better time."

-Kevin Sorenson, Minister of State (Finance)

"Coinciding with Financial Literacy Month, this event is a fantastic opportunity to bring together the top issues, fresh thinkers and professionals in our field. The momentum to increase financial literacy in Canada and around the world is stronger than ever. What is clear is the truly collaborative nature that the movement is developing. This cooperative approach is essential to help us effectively rise to the challenges we face."

-Lucie Tedesco, Commissioner of the Financial Consumer Agency of Canada

"This year's theme emphasizes national teamwork to help Canadians make better decisions about their money. It recognizes our shared achievements to date, while underscoring what remains to be done. By working together we can learn from each other, expand the reach and impact of programs, and better coordinate financial literacy efforts in the classroom, community and workplace. And that can trigger big, positive payoffs in people's lives."

-Jane Rooney, Financial Literacy Leader

Additional links

Day 1: 2014 National Financial Literacy Conference agenda

Day 2: 2014 National Financial Literacy Conference agenda

Canadian Financial Literacy Database

Self-assessment quiz

National Strategy for Financial Literacy-Development and Consultations

Financial Literacy Month

Financial Literacy Month - Selfie contest

Financial Literacy Month in Canada Facebook page

Financial Literacy Leader

Contact Information

  • Meagan Murdoch
    Director of Communications
    Office of the Minister of State (Finance)
    613-369-5696
    meagan.murdoch@fin.gc.ca

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

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