Lucie Tedesco, Commissioner of the Financial Consumer Agency of Canada, released Auto Finance: Market Trends (PDF, 692 KB), a research report highlighting a worrisome growth in long-term car loans. Loans with terms of more than six years have become a trend in Canada, posing risks that Canadian consumers should consider carefully prior to financing a … Read more
Lucie Tedesco, Commissioner of the Financial Consumer Agency of Canada, released the Agency’s 2014–2015 Annual Report. It details how the Agency has become more proactive and transparent in its supervision of federally regulated financial entities, expanded its financial literacy activities and restructured to align internal operations with its priorities in protecting financial consumers’ interests. “More … Read more
Canada’s Financial Literacy Leader Jane Rooney released Managing Money and Planning for the Future: Key Findings from the 2014 Canadian Financial Capability Survey (CFCS) at the University of Toronto’s Financial Literacy & Financial Well-Being Forum. The report offers insights on Canadians’ knowledge, abilities and behaviours when it comes to managing money and debt wisely, as well … Read more
Jane Rooney, Canada’s Financial Literacy Leader, invites Canadians to take part in the fourth week of Financial Literacy Month (FLM) by participating in activities that focus on preventing and protecting against fraud and financial abuse. This is a critical life skill and also one of the areas of focus to strengthen Canadians’ financial literacy.Seniors are … Read more
Jane Rooney, Canada’s Financial Literacy Leader, is inviting Canadians to get involved in the third week of Financial Literacy Month (FLM) by participating in activities that focus on planning and saving for the future—a critical life skill. Week three of #FLM2015 coincides with Financial Planning Week, Education Savings Week and Global Entrepreneurship Week. During this time, organizations with … Read more
Jane Rooney, Canada’s Financial Literacy Leader, kicked off the second week of Financial Literacy Month (FLM) at the launch of Credit Education Week, in Toronto. The leader underscored the importance of learning how to manage credit and debt, especially for young people. Credit Education Week is a foundational part of a national effort to strengthen financial literacy. … Read more
Minister of State (Finance) Kevin Sorenson (Crowfoot, Alta.) and Financial Literacy Leader Jane Rooney launched the National Strategy for Financial Literacy—Count me in, Canada at an event held at the YMCA of Greater Toronto. The strategy is a call to action for all Canadians to gain the knowledge, skills and confidence they need to make good financial decisions. The national strategy … Read more
Minister of State (Finance) Kevin Sorenson (Crowfoot, Alta.) and Canada’s Financial Literacy Leader Jane Rooney participated in the third annual Talk with our Kids About Money Day. The event took place at the Sprucecourt Public School in Toronto and provided an opportunity to encourage students to start learning money management as soon as they can. The … Read more
The Financial Consumer Agency of Canada announced an update to its Account Selector tool. Consumers can now use the tool to calculate their monthly banking fees, and the number of minimum transactions has been increased from eight to 12. The full release is available online. Call 613-941-4168.
Minister of State (Finance) Kevin Sorenson (Crowfoot, Alta.) and Financial Consumer Agency of Canada (FCAC) Commissioner Lucie Tedesco attended an event hosted by the Economic Club of Canada during Startup Canada’s “Day on the Hill.” Fittingly delivered during Financial literacy Month, and under the theme “Growing Canadian Entrepreneurship: Reducing the Startup Failure Rate and Improving Financial … Read more
