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Financial Literacy in Canada


 

Canada's National Task Force on Financial Literacy


The importance of enhancing Canadians’ financial literacy and providing them with financial literacy educational resources has emerged as a relevant topic across the country.

One of the most significant national initiatives on financial literacy was the Government of Canada’s National Task Force on Financial Literacy, which was appointed in June 2009. The Task Force defined financial literacy as “having the knowledge, skills and confidence to make responsible financial decisions” (Canadians and Their Money: Building a brighter financial future, Report of Recommendations on Financial Literacy, Task Force on Financial Literacy, December 2010). 

Learn more about the Government of Canada's National Task Force on Financial Literacy here
 


 

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Not happy with your bank? Things to consider before you switch

Soured by problems with the bank he had been using for years, Johnny Hollick was looking for a good reason to take his money elsewhere, and a free iPad seemed like the perfect incentive.


How this 23-year-old grad tackled $53,349 in student and car loans

In the fall of 2011, shortly after finishing university, Jordann Brown realized she owed $53,349.

“My story isn’t one about spending with abandon or being irresponsible,” says the 23-year-old, who works in marketing and provides content for a mortgage rate comparison website. “I did what every millennial is told to do after high school, and that put me up to my eyeballs in debt.”



In today's hot housing market, first time buyers can't afford to get in

First-time buyers are the housing market’s pinata.

People buying a first home are essential to the real estate market. But when the federal government periodically tries to cool home sales, its go-to strategy is make it tougher for first-timers.