North Vancouver, BC
Minister of State (Finance) Kevin Sorenson today announced the appointment of Jane Rooney, a seasoned policy maker in domestic and international financial literacy issues, as Canada’s first-ever Financial Literacy Leader, building on the Harper Government’s ongoing initiatives to protect consumers. Minister Sorenson made the historic announcement at a local Ottawa school where he helped mark Talk With Our Kids About Money Day, a day created by the Canadian Foundation of Economic Education and sponsored by BMO Financial Group.
Canada is recognized worldwide as a leader in financial literacy. From the creation of the Task Force on Financial Literacy, to the dedication of November as Financial Literacy Month thanks to a Private Member’s bill by James Rajotte, Member of Parliament (Edmonton–Leduc), the Harper Government continues to lead with today’s appointment of a Financial Literacy Leader. The Task Force on Financial Literacy provided a number of recommendations, including the appointment of a Financial Literacy Leader, in an effort to help ensure Canadians are fully equipped with the knowledge and skills necessary to make responsible financial decisions.
The Financial Literacy Leader Act provides for the appointment of a Financial Literacy Leader within the Financial Consumer Agency of Canada. The Financial Literacy Leader’s mandate will be to collaborate and coordinate activities with stakeholders to contribute to and support initiatives that strengthen the financial literacy of Canadians.
CASFAA commends the Harper Government for making this important step on the development of a national financial literacy strategy. Our pledge is to partner with both government and other key stakeholders to ensure an elevated focus on financial literacy further contributes to student financial wellness.