Ottawa, Ontario
Today, the Financial Consumer Agency of Canada (FCAC) launched a national advertising campaign to help Canadians manage their money and navigate financial challenges in a complex and changing economy.
Under the theme "Making the most of your money," the campaign showcases practical and trusted resources to help Canadians manage their money more effectively when making financial decisions, including tools such as:
- a Mortgage Calculator, to help understand the cost of a new mortgage or the cost of renewing an existing one;
- an Account Comparison Tool, to compare the cost and features of chequing and savings accounts;
- a Budget Planner, to help make a personalized budget in 3 simple steps; and
- a Credit Card Payment Calculator, to compare payment options for paying down credit card balances and the cost over time.
The campaign also promotes information for Canadians about their rights and responsibilities when dealing with federally regulated financial institutions. For example, when experiencing financial difficulties, having a candid conversation with your financial institutions as soon as possible can often provide options that will lead to more positive financial outcomes.
Throughout the campaign, which runs until March 31, FCAC will feature tips and tools to help Canadians spend smarter, save more and build their financial resilience. Visit Canada.ca/it-pays-to-know
