Press Release Department: Federal - Financial Consumer Agency of Canada

Minister of State (Finance) Kevin Sorenson (Crowfoot, Alta.), Canada’s Financial Literacy Leader Jane Rooney and Conservative MP James Rajotte (Edmonton-Leduc, Alta.) consulted on the development of a national strategy to strengthen financial literacy, particularly as it pertains to young Canadians and adults. This phase of consultations builds on previous sessions that focused on seniors and identified … Read more

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 … Read more

For Financial Literacy Month in November, the Financial Consumer Agency of Canada (FCAC) invites Canadians to take part in activities that will help increase their financial know-how. FCAC is running a photo contest called “My financial literacy selfie” to raise awareness about financial literacy for Canadians. This contest aims to engage youth and Canadians of … Read more

Canada’s Minister of State (Finance) Kevin Sorenson and Canada’s first Financial Literacy Leader Jane Rooney announced the release of the National Strategy for Financial Literacy, Phase 1: Strengthening Seniors’ Financial Literacy. In Economic Action Plan 2013, the Government committed to implementing a financial literacy strategy that specifically responds to seniors’ needs. Strengthening Seniors’ Financial Literacy, which … Read more

Commissioner Lucie Tedesco released the 2013-14 Annual Report of the Financial Consumer Agency of Canada. The appointment of Canada’s first-ever Financial Literacy Leader, the unveiling of a new Report on Plans and Priorities (Business Plan), an industry review of clear language practices, and timely research into emerging trends, including mobile payments, are just a few highlights that show how the … Read more

Minister of State (Finance) Kevin Sorenson (Crowfoot, Alta.) and Canada’s first Financial Literacy Leader Jane Rooney announced the members of the newly formed National Steering Committee on Financial Literacy. The 15 committee members were announced at an event held at the Central YMCA in Toronto. Committee members were selected from over 100 applicants, representing a broad … Read more

Minister of State (Finance) Kevin Sorenson (Crowfoot, Alta.) and Minister of State (Seniors) Alice Wong (Richmond, B.C.) joined forces with Canada’s Financial Literacy Leader Jane Rooney to launch consultations on a proposed strategy to help improve the financial literacy of Canadians. Recognizing the unique and often significant challenges faced by near and current seniors, the first phase … Read more

Although increases in fees for most Canadian chequing account packages have been moderate over the last decade, there have been significant fee increases for services that are not covered by consumers’ plans, according to a research report published by the Financial Consumer Agency of Canada (FCAC). The agency therefore encourages consumers to review their transaction … Read more

Canada’s first Financial Literacy Leader, Jane Rooney, is looking for influential people within the public, private and non-profit sector across the country to serve on the country’s first National Steering Committee on Financial Literacy. The Minister of State (Finance) will play a key role in shaping the membership of the Steering Committee. Committee members will … Read more

The Commissioner of the Financial Consumer Agency of Canada (FCAC), Lucie Tedesco, released the Agency’s Report on Plans and Priorities 2014-17 (formerly referred to as the Business Plan). The Report is based on six strategic priorities. FCAC will undertake each priority area with specific actions, programs, activities and progress indicators to measure success over the … Read more