On November 2 the Ontario Government announced an ambitious program to roll out financial literacy education throughout the school curriculum, with a particular emphasis on high schools. The news did not attract headlines, but is an important step towards raising the level of consumer financial savvy and independence. Jonathan Chevreau of the Financial Post’s outlines the announcement in this Wealthy Boomer article.
FAIR Canada endorses this action by Ontario, now the second province after British Columbia to implement mandatory financial literacy education. Congratulations to the Ministries of Education and Finance for taking this step, and to the Investors Education Fund for emphasizing the importance of financial literacy education. We call on the other provinces to follow the actions of BC and Ontario as soon as possible. See our October, 2009 newsletter on Financial Literacy here.
