The Financial Consumer Agency of Canada (FCAC) held the National Research Symposium on Financial Literacy: The Path Towards Smarter, More Targeted, and More Effective Financial Literacy on November 16, 2016 in Moncton, New Brunswick. The Symposium brought together Canadian and international experts for a day of lively discussion on current research findings in four areas: paying down household debt; budgeting and planning for the unexpected; building savings; and wisely choosing financial products and services.
Jane Rooney, Financial Literacy Leader, gave the keynote address in which she focused on the role of research in supporting the National Strategy for Financial Literacy and gave a preview of the National Research plan. In a panel session on international trends, speakers highlighted the precarious financial state of households and the role of financial education.
The FCAC is engaged in a number of programs and initiatives to promote financial literacy across Canada, including:
FCAC has also released an app to promote easy, straight-forward budgeting on the go.
“Research shows budgets work especially well when money is tight. Having a written budget enables people to commit to a spending plan and allows them to set priorities for making purchases.”