The Canadian Task Force on Financial Literacy has released a 47-page consultation document describing the issues and asking the public to respond to specific questions. Topics include understanding financial behavior, saving and investing, planning for retirement, and protecting against financial fraud. A recent article in Investment Executive describes the national consultation process.
The state of financial literacy in Canada and the financial services industry’s responsibilities are central themes of FAIR Canada’s work. We published a newsletter devoted to the topic of financial literacy in October, 2009. Financial Literacy Matters is FAIR Canada’s review of the financial literacy problems facing Canadians and efforts to address them. The report describes the emerging consensus of what must be done and the limits of financial literacy education.
