Financial Literacy

Updated: Most Canadians fail financial literacy test

Editor’s note: This article has been updated with more information. Canadians appear to be less financially literate than they think they are, according to a survey commissioned by LowestRates.ca. When asked 15 true-or-false questions to test their knowledge, most respondents were unclear about terminology concerning mortgages, auto insurance or TFSAs. Fifty-seven per cent of respondents […]

By Staff |June 29, 2017

3 min read

Canadian youth rank second in financial literacy: OECD

Canadian youth surpass their global peers when it comes to financial literacy. Whether that means Canadian advisors have an easier or harder job compared to their own global peers can be left for you to decide. A survey from the Organization for Economic Co-operation and Development (OECD) finds that 87% of Canadian students perform at […]

By Staff |May 25, 2017

2 min read

FCAC seeks members for consumer protection committee

Interested applicants can apply until June 30, 2017.

By Staff |May 1, 2017

1 min read

High school students in Ontario to get financially savvy

For advisors in Ontario, future clients may be more financially savvy — not to mention more motivated to face their financial challenges. Read: Win the wealthy clients of the future That’s because Ontario is launching a pilot project to test drive a new career studies course for high school students. The project, which will run […]

By Staff, with files from The Canadian Press |March 23, 2017

1 min read