Blogs & Comment

Task Force on Financial Literacy

The Task Force on Financial Literacy was created by the Federal Minister of Finance in June 2009. Its mandate is to develop a national strategy to improve Canadians financial literacy and deliver it to the Federal Minister of Finance by December 2010.
Today, the task force released a consultation document, Leveraging Excellence, which explores key issues about how Canadians make financial decisions. The task force also announced today that it is going to tour the country between April 6 and May 13 to consult with Canadians. Itll be in Toronto May 11 and in Ottawa May 12 to 13.
Canadians cansend in written submissions via fax, email or mail until March 31. Or they can contribute to an online forum from April 6 to May 13, which presumably will be on task force’s website.
When the 13-person task force was created in June, Ellen Rosemanof the Toronto Starseemed to have doubts about its utility. She wrote: The chair, Don Stewart, heads a life insurance company. The vice-chair is with BMO Nesbitt Burns, an investment dealer. Only two of the 11 others named to the task force can be called consumer advocates, Pat Foran of CTV and Laurie Campbell of Credit Canada.