Jr. Economic Club of Canada

Jr. Economic Club of Canada
Inuit Tapiriit Kanatami

Inuit Tapiriit Kanatami

June 20, 2016 07:48 ET

Toolkit for Inuit Youth Explores Financial Literacy in an Arctic Environment

OTTAWA, ONTARIO--(Marketwired - June 20, 2016) - Inuit youth will participate in the launch of a financial literacy toolkit this morning at the Chateau Laurier in Ottawa. The program, developed by Inuit Tapiriit Kanatami (ITK) and the National Inuit Youth Council (NIYC) in partnership with the Jr. Economic Club of Canada (Jr. EC) and with support from the Government of Canada and First Air, explores the financial literacy themes of personal money management, entrepreneurship and the link between health and wealth. Each lesson in the program reflects the Inuit way of life and the challenges of living in the Arctic.

Sophie Grégoire Trudeau will welcome the youth to the Capital Region during the launch and discuss the importance of financial literacy for all young Canadians.

The initiative is part of a larger partnership between First Air, Qikiqtaaluk Corporation, ITK, NIYC, the Economic Club of Canada, Ottawa's Summer Solstice Festival and other partners to bring Inuit youth to the national capital region for a weekend of activities including a cultural tour of Ottawa.

"We believe that investing in the education of youth is key to the economic development of the many Northern destinations we serve every day," said Bert van der Stege, Vice President Commercial at First Air. "A great way to mark our 70th anniversary celebration is to bring 70 northern youth to our nation's capital and celebrate the Summer Solstice Aboriginal Festival together."

"I am happy to be part of this project, which gives Inuit youth critical survival skills for living and making a living in today's society," said Natan Obed, President of Inuit Tapiriit Kanatami. "It is also important for Canadians to realize that most of Canada's 60,000 Inuit live in communities without banks and much of the financial infrastructure most of us take for granted. That affects how we interact with the world and how the world interacts with us, and it helps us understand each other better."

"It is important that Inuit youth have the necessary tools and education to be empowered as self-determined Canadians to make decisions that impact their future," said Maatalii Okalik, President of the National Inuit Youth Council. "The National Inuit Youth Council prioritized the creation of the financial literacy toolkit to be reflective of the unique financial and geographic realities of our membership across Inuit Nunangat (homeland) and encourage Inuit youth to apply the information in the toolkit as they raise families, pursue post-secondary education and invest in their futures."

"Financial literacy is a social justice issue. Those who have access to the right information are equipped with the tools to succeed in today's fast-paced economy," said Rhiannon Traill, President and CEO of The Economic Club of Canada and the Jr. EC. "At the Jr. Economic Club of Canada, our goal is to provide all young Canadians with that access."

Last August, First Air assisted in bringing 8 Iqaluit youth to Toronto to participate in The Jr. EC's third annual Bay Street Boot Camp. The week-long program exposed students to a variety subjects including basic finance, personal money management, stress management, and developing a professional personal brand. The program culminated in a sales pitch meeting with Bay Street business leaders. Katie Devereaux of Iqaluit and her group took home the grand prize for their business idea.

For more information about The Summer Solstice Aboriginal Festival (SSAF), visit: www.ottawasummersolstice.ca.

About ITK

Inuit Tapiriit Kanatami (ITK) is the national representational organization for Canada's of 60,000 Inuit. It advocates for improved services for to Inuit living primarily in the Inuvialuit Settlement Region of the Northwest Territories, Nunavut, Nunavik (Northern Quebec), and Nunatsiavut (Northern Labrador), the four regions that make up Inuit Nunangat, the Inuit homeland in Canada. For more information, visit: www.itk.ca.

About NIYC

The National Inuit Youth Council (NIYC) was established by the Inuit Tapirisat of Canada, now known as Inuit Tapiriit Kanatami (ITK) in 1993 to provide guidance and input into issues of interest for Inuit youth in Canada. NIYC representatives are tasked with voicing the concerns and ideas of Inuit youth from their respective regions, with the elected President serving as the National voice of Inuit youth.

About First Air

With 70 years of flying experience, First Air is the leading airline in Canada's Arctic. Together with its codeshare partner airlines First Air is providing scheduled services between 30 northern communities and connections to Ottawa, Montreal, Winnipeg and Edmonton. For more information, visit: www.firstair.ca.

About the Jr. EC

President and CEO of the Economic Club of Canada, Rhiannon Traill, created the Jr. EC in 2011 with the goal of encouraging young Canadians to become financially literate. Jr. EC programming empowers young people, with the understanding that financial literacy is a crucial component to a prosperous and healthy life. Over the last five years the Jr. EC has accepted over 7,000 high school students and has given out over $65,000 in academic scholarships. For more information, visit: www.jreconomicclub.ca and follow The Jr. EC on Twitter at @JrECofCanada.

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