Minister of State (Finance) Ted Menzies (Macleod, Alta.) and Ursula Menke, commissioner of the Financial Consumer Agency of Canada, officially launched the start of the second annual Financial Literacy Month at a ceremony in Ottawa that follows a series of regional events across Canada. Menzies said that Financial Literacy Month is an opportunity to raise … Read more
The Financial Consumer Agency of Canada has released its 2011-2012 Annual Report-its 11th annual report since the agency was created in 2001. Providing an overview of agency's activities and achievements over the 2011-2012 fiscal year, the report outlines the agency's accomplishments in empowering Canadian financial consumers and promoting responsible financial market conduct. The full release … Read more
The Financial Consumer Agency of Canada has updated its information on payday loans to help Canadian consumers get the facts they need when considering a payday loan as a way to borrow money. The full release is available online. Call 613-941-4168.
In order to help Canadians prepare for a possible increase in interest rates, the Financial Consumer Agency of Canada has developed a Debt Check-Up tip sheet to help consumers deal with some risks in their budgets. Agency commissioner Ursula Menke said Canadians need to look at how much debt they are carrying, particularly in the … Read more
Canadians can now benefit from an objective, reliable and complete new resource to help them make sense of the everyday financial questions that they face. Designed by the Financial Consumer Agency of Canada, the Investor Education Fund and l'Autorite des marches financiers, Your Financial Toolkit helps Canadians become more capable and confident financial consumers. Minister … Read more
National Financial Literacy Month begins Nov. 1-an ideal time for Canadian consumers to improve their knowledge, skills and confidence in managing money, credit and debt ahead of the holiday shopping season. To bring the widest range of information, tools and resources to consumers about Financial Literacy Month, the Financial Consumer Agency of Canada is launching … Read more
A mortgage is a big financial commitment, and the faster it is paid back, the less interest consumers pay on the loan. If the mortgage agreement allows prepayments, and those payments are made, the resulting savings could be in the thousands of dollars. In some cases, a mortgage can be paid off faster by making … Read more
The Financial Consumer Agency of Canada, an independent federal government organization, has a number of free resources for students, parents and teachers. From information on 'Moving Out on Your Own' and 'Paying for Post-Secondary Education', to tools to help you teach money management through the agency's Financial Basics resources, the agency offers a wide range … Read more
Credit card balance insurance is often offered to people when they apply for, or when they have received, a credit card. To help Canadians decide whether this is a product that meets their needs, the Financial Consumer Agency of Canada has updated the information it provides to consumers about credit card balance insurance. Agency commissioner … Read more
Regulations that come into force Aug. 1 means that people who deposit a cheque in person with a federally regulated financial institution can get the first $100 in cash right away. If the cheque is $100 or less, the financial institution must provide the full amount to consumers. If the cheque is deposited in an … Read more
