FCAC Commissioner Judith Robertson is launching the 11th annual Financial Literacy Month at a national virtual event, bringing together people and organizations from across the country that share a commitment to advancing financial literacy in Canada.
Strengthening the financial literacy of Canadians is central to the mandate of the Financial Consumer Agency of Canada (FCAC). The financial marketplace is complex and increasingly digital, and many Canadians continue to struggle financially. FCAC is committed to supporting Canadians in these challenges.
This past summer, FCAC released its renewed National Financial Literacy Strategy that lays out a framework for stakeholders to work together to create a more accessible, inclusive, and effective financial ecosystem for Canadians. The theme for Financial Literacy Month, Make change that counts!, is aligned with the National Strategy and encourages organizations across the financial ecosystem to reduce barriers and catalyze actions that will support Canadians in building financial resilience. FCAC has identified actions that stakeholders can take to help advance the National Strategy.
FCAC also has resources and tools for Canadians and stakeholders that can contribute to building financial resilience, including FCAC’s innovative and personalized Budget Planner and information on topics ranging from managing expenses, savings, and debt, to navigating the financial marketplace.
Financial Literacy Month will revolve around four weekly themes.
|November 1-6||Managing expenses to keep up with bills and credit|
|November 7-13||Managing debt to feel in control of your overall debt situation|
|November 14-20||Managing savings to prepare for financial shocks and|
unexpected expenses, and achieve your financial goals
|November 21-30||Navigating the financial marketplace with knowledge and|
These themes are based on the building blocks of financial resilience identified in FCAC’s National Financial Literacy Strategy.
Building on the success of last year’s 10th anniversary of Financial Literacy Month, FCAC has a number of events and activities planned throughout November. As women have been disproportionally affected financially during the pandemic, FCAC will be hosting a public event for women on November 17. The focus of the event will be on helping women develop money management skills and savings habits to build their financial resilience.
Canadians and stakeholders are encouraged to visit Canada.ca/Financial-Literacy-Month for financial tips and tools, and to learn more about this year’s events and activities.
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