Ottawa, Ontario
Today, Financial Consumer Agency of Canada (FCAC) Commissioner Judith Robertson launched the 12th annual Financial Literacy Month at a virtual event bringing together individuals and stakeholders dedicated to strengthening financial literacy in Canada. Commissioner Robertson was joined by the Governor of the Bank of Canada, Tiff Macklem, who provided remarks on the economic environment and what Canadians should consider when managing their finances.
Each November, FCAC and its partners in Financial Literacy Month host events and share information and resources to help Canadians increase their financial knowledge, skills and confidence.
This year's theme, Make Change that Counts: Managing Your Money in a Changing World, reflects a complex and changing financial landscape. In the context of higher cost-of-living, rising interest rates, and record levels of household debt in Canada, FCAC is shining the spotlight on debt management. Throughout the month, FCAC, in collaboration with organizations across the country, will focus on advancing Make Change that Counts: National Financial Literacy Strategy 2021-2026 and helping Canadians manage their debt and achieve their financial goals.
FCAC encourages Canadians to visit Canada.ca/Financial-Literacy-Month for practical tips and tools on managing money and debt.
Each week in November has its own sub-theme related to the topic of managing debt.
November 1-5 Find your financial balance: Find the right balance between daily spending and managing debt
November 6-12 Manage your debt: Make a plan to pay down your debt
November 13-19 Plan for the future: Avoid borrowing money in the future by saving for your financial goals
November 20-26 Borrow money wisely: What to consider before borrowing money and understanding the difference between good versus bad debt
November 27-30 Know your rights: Know your financial rights when borrowing money
The National Financial Literacy Strategy is a framework to create a more accessible, inclusive and effective financial ecosystem for all Canadians. It identifies managing debt as one of the key consumer building blocks for financial resilience.
As a companion piece to the National Strategy, FCAC has published Counting Change: A Measurement Plan for the National Financial Literacy Strategy 2021-2026 - Canada.ca The Measurement Plan is a call to action for stakeholders in the financial ecosystem to monitor and evaluate progress towards achieving the goals of the National Strategy, including assessing the collective impact of helping Canadians build financial resilience
