Financial Literacy Month

Beyond Finance Celebrates ‘Financial Practice Week,’ An Addition to Chase’s Calendar of Events

Retrieved on: 
Wednesday, December 6, 2023

Financial Practice Week will increase the value of April’s Financial Literacy Month by encouraging and empowering consumers to put what they have learned about finances into practice and long-term action.

Key Points: 
  • Financial Practice Week will increase the value of April’s Financial Literacy Month by encouraging and empowering consumers to put what they have learned about finances into practice and long-term action.
  • "Increasing the financial literacy of anyone is critical," said Beyond Finance's Chief Financial Wellness Advisor and Creator of Financial Practice Week, Dr. Erika Rasure .
  • "We are honored to be recognized in Chase’s Calendar of Events 2024 for our efforts during Financial Practice Week.
  • For more information about Financial Practice Week and Beyond Finance's commitment to sound financial practice, contact [email protected].

TMX Group Opens the Market

Retrieved on: 
Tuesday, November 21, 2023

TORONTO, Nov. 21, 2023 /PRNewswire/ - Luc Fortin, the President and Chief Executive Officer of Montreal Exchange and Global Head of Trading at TMX Group, along with his team members, opened the market to celebrate Canada's Financial Literacy Month and the conclusion of the Montréal Exchange Options Trading Simulation Contest.

Key Points: 
  • TORONTO, Nov. 21, 2023 /PRNewswire/ - Luc Fortin, the President and Chief Executive Officer of Montreal Exchange and Global Head of Trading at TMX Group, along with his team members, opened the market to celebrate Canada's Financial Literacy Month and the conclusion of the Montréal Exchange Options Trading Simulation Contest.
  • The virtual contest attracted more than 1700 participants from across the country who were given a virtual portfolio valued at $100K.
  • Montréal Exchange congratulates Vickesh Thind, from Ontario, the contest's grand prize winner and Canada's Top Options Trader.
  • Additionally, TMX would like to remind Canadians that November is a perfect opportunity to invest in their financial well-being and set goals for their finances.

goeasy Ltd. Announces Commitment to Bolstering Financial Literacy for New Canadians

Retrieved on: 
Thursday, November 2, 2023

Each November, since 2012, the Financial Consumer Agency of Canada (FCAC) has leveraged Financial Literacy Month to encourage organizations to share resources that help Canadians understand their personal wealth and credit.

Key Points: 
  • Each November, since 2012, the Financial Consumer Agency of Canada (FCAC) has leveraged Financial Literacy Month to encourage organizations to share resources that help Canadians understand their personal wealth and credit.
  • This prompted goeasy Ltd. to conduct a survey of Canadians who came to the country within the last five years to learn about their current financial literacy levels.
  • This survey found that, less than one in five respondents (18%) agreed they had a good understanding of the Canadian financial system.
  • Furthermore, since their arrival, nearly half of newcomers (49%) say their financial literacy has only slightly improved, pointing to a clear gap in the quality of financial education for newcomers in Canada.

As inflationary pressures grow, Canadians increasingly struggle to make monthly mortgage & credit card payments

Retrieved on: 
Wednesday, November 1, 2023

At a time of heightened economic uncertainty, a disparity in savings is resulting in a heightened period of hardship for Canadians, especially those with lower incomes.

Key Points: 
  • At a time of heightened economic uncertainty, a disparity in savings is resulting in a heightened period of hardship for Canadians, especially those with lower incomes.
  • Among the findings:
    40% of respondents indicated their clients have been late to make their monthly credit card or mortgage payments.
  • Advocis’ survey was conducted throughout the month of October and includes responses from more than 150 Members of Advocis.
  • Advocis encourages Canadians to follow the #FLM2023 on social media for the latest news and updates on content from a variety of Canadian financial organizations.

Canadians Cite Concerns Over Bills, Debt, and Identity Theft

Retrieved on: 
Monday, October 30, 2023

Checking credit reports is one of the best ways to spot identity theft early.

Key Points: 
  • Checking credit reports is one of the best ways to spot identity theft early.
  • “We need to talk about money more to empower Canadians of all ages and backgrounds to build financial resilience.
  • Half of Canadians surveyed (52 per cent) agree that newcomers face difficulties securing housing due to a lack of credit history.
  • *An online survey of 1,564 Canadians was completed between September 15-18, 2023, using Leger’s online panel.

Take control of your financial future during Financial Literacy Month with Qtrade Direct Investing®

Retrieved on: 
Wednesday, November 1, 2023

TORONTO, Nov. 1, 2023 /CNW/ - For Canadians, financial literacy is imperative, especially in retirement.

Key Points: 
  • TORONTO, Nov. 1, 2023 /CNW/ - For Canadians, financial literacy is imperative, especially in retirement.
  • Recently, Qtrade Direct Investing, an online brokerage owned by Aviso, took to the streets of Calgary to ask people how much they thought they needed to retire comfortably.
  • During Financial Literacy Month, Qtrade hopes encouraging people to learn more about self-directed investing can help provide a solution to this ambiguity.
  • Qtrade is sharing content about retirement, savings, and investing on their education site and social media .

Fairstone Takes Proactive Steps to Strengthen Financial Knowledge during November's Financial Literacy Month

Retrieved on: 
Wednesday, November 1, 2023

MONTREAL, Nov. 1, 2023 /CNW/ - As November marks the beginning of Financial Literacy Month, Fairstone Bank of Canada and its wholly-owned subsidiary, Fairstone Financial Inc. (hereinafter collectively "Fairstone"), are proud to reaffirm their commitment to the financial well-being of Canadians.

Key Points: 
  • MONTREAL, Nov. 1, 2023 /CNW/ - As November marks the beginning of Financial Literacy Month, Fairstone Bank of Canada and its wholly-owned subsidiary, Fairstone Financial Inc. (hereinafter collectively "Fairstone"), are proud to reaffirm their commitment to the financial well-being of Canadians.
  • This year, as we dive into Financial Literacy Month, Fairstone introduces the inaugural national "Check Your Credit Score Day" on November 2nd!
  • "We believe that knowledge is power when it comes to personal finances," said Grant Wyard-Scott, Chief Operating Officer at Fairstone.
  • Recognizing that financial literacy is the cornerstone of financial health, Fairstone offers a range of resources to enhance Canadians' financial knowledge and support informed decision-making.

OSC launches Investing Academy during Financial Literacy Month

Retrieved on: 
Tuesday, October 31, 2023

Investing Academy by GetSmarterAboutMoney.ca has free courses designed to help people take action in ensuring a safe and secure financial future.

Key Points: 
  • Investing Academy by GetSmarterAboutMoney.ca has free courses designed to help people take action in ensuring a safe and secure financial future.
  • "We're pleased to introduce our suite of investor education courses during Financial Literacy Month," said Tyler Fleming, Director of the Investor Office at the OSC.
  • "Investing Academy is an important pilot education initiative that encourages people to gain knowledge and put it into action, on top of many other planned activities and resources for Financial Literacy Month."
  • Managing your money in a changing world is the theme of this year's Financial Literacy Month.

MissionSquare Foundation Partners with Junior Achievement on Initiatives to Advance Financial Resiliency and Experiential Learning for Teens

Retrieved on: 
Monday, October 30, 2023

COLORADO SPRINGS, Colo., Oct. 30, 2023 /PRNewswire/ -- Today, Junior Achievement USA (JA) revealed a multi-year commitment from the MissionSquare Foundation to endorse two initiatives that address financial literacy education for teens and promote experiential learning in the classroom.

Key Points: 
  • COLORADO SPRINGS, Colo., Oct. 30, 2023 /PRNewswire/ -- Today, Junior Achievement USA (JA) revealed a multi-year commitment from the MissionSquare Foundation to endorse two initiatives that address financial literacy education for teens and promote experiential learning in the classroom.
  • This significant partnership marks one of the first investments by the MissionSquare Foundation, established in 2022.
  • An initiative of Junior Achievement, 3DE is a school within a school model that uses case methodology to help students connect academic learning with real-world applications through project-based learning.
  • MissionSquare Foundation also is investing in the JA Teens & Personal Finance Survey, which occurs each April during Financial Literacy Month.

First-ever FinTok Awards Confirm TikTok Can Be a "Responsible Educator"

Retrieved on: 
Tuesday, July 25, 2023

FORT LAUDERDALE, Fla., July 25, 2023 /PRNewswire/ -- Debt.com has announced the winners of the first-ever FinTok Awards, which recognizes the TikTok content producers offering the most reliable financial advice on the social media app best known for trendy dances, viral challenges, and comedy skits.

Key Points: 
  • "When you think of TikTok, you probably don't conjure up images of people delivering blunt financial advice in one-minute increments," Dvorkin says.
  • In other words, if you know who to follow, you can earn a solid financial education on TikTok."
  • The 2024 Fintok Awards will begin next April, which is Financial Literacy Month in the United States.
  • TikTok money creators and educators are welcome to reach out Debt.com for consideration for inclusion of the 2024 FinTok Award program.