Financial Literacy

OSC settlements to fund financial literacy

The OSC has allocated nearly $2 million in settlement money from enforcement proceedings to help promote financial literacy education in Ontario schools. “Financial literacy is an important part of investor protection and the OSC supports educational efforts to help Ontarians develop the skills and knowledge needed to succeed in an increasingly complex financial world,” said […]

By Staff |February 28, 2011

1 min read

Industry

CSA contest aims at youth ‘Financial Fitness’

The Canadian Securities Administrators (CSA) is running an online contest that uses video, Facebook and Twitter tips to help youth get financially fit. The ‘Financial Fitness Challenge‘ will help youth increase their financial literacy, and offers a chance to win an Apple iPad or a grand prize of $2,000. The contest, which runs from February […]

By Staff |February 15, 2011

1 min read

Industry

Industry reacts to Financial Literacy report

Reaction to the final report by the Task Force on Financial Literacy has been overwhelmingly favourable, with several industry groups volunteering to provide education and assistance. The federal government was also quick to welcome the report, entitled Canadians and Their Money: Building a brighter financial future. (Click here to download a PDF of the report) […]

By Steven Lamb |February 9, 2011

3 min read

Industry

Urgent action needed on financial literacy: Task force

Urgent action is needed to improve the financial literacy of Canadians, as individuals must increasingly take responsibility for their own future, according to the Task Force on Financial Literacy. The task force submitted its final report to the federal government this morning. “Financial literacy is critical to the prosperity of Canadians and the nation,” said […]

By Steven Lamb |February 9, 2011

3 min read

Program focused on youth financial literacy

The Certified General Accountants’ Association of Alberta (CGA Alberta) today launched ‘My Money $ My Future,’ a campaign designed to help high school students make informed and effective decisions in managing their finances. “Canadians need a better understanding of the financial choices available to them and the consequences of those choices,” says John Carpenter, MBA […]

By Staff |February 4, 2011

2 min read

Five easy financial resolutions

While it is always a good time to be financially prudent, the New Year brings promises to actually do something about it. But vowing to “be smarter with money” is pretty vague, and many Canadians might struggle to keep that resolution without a clear idea of how to achieve it. Scotiabank has offered its top […]

By Staff |December 30, 2010

2 min read

OBSI offers financial resolutions

The next few weeks will see Canadians making – and for some, breaking – New Year Resolutions, ranging from eating better to quitting smoking. While improving physical fitness is an excellent goal, they should also try to get financially fit. To that end, the Ombudsman for Banking Services and Investments has offered up a Top […]

By Staff |December 29, 2010

2 min read

CSA seeks comment on OTC derivatives regulation

The Canadian Securities Administrators (CSA) is seeking input from the financial industry and the public on proposed changes to the regulation of over-the-counter (OTC) derivatives. The proposals were today released in CSA Consultation Paper 91-401 – Over-the-Counter Derivatives Regulation in Canada. The proposals come in response to commitments made by the G20 to develop more […]

By Staff |November 2, 2010

2 min read