GODERICH, ONT — Earlier this year the federal government launched a task force on financial literacy. Following the lead of the federal government, the province of Ontario recently announced that in 2011, financial literacy will be integrated into the curriculum for grades 4 to 12 in schools across Ontario.
“In light of the current economic situation, it is essential that Canadians have a sound understanding of prudent, personal financial management. I applaud the Ontario government for recognizing the importance of ensuring young Canadians are financially literate and have sound money management skills.” said Ben Lobb, MP Huron Bruce.
The task force is on track to submit a report to the federal government in the fall of 2010 with recommendations to implement a national strategy on financial literacy. The strategy will outline:
- Overall objectives, as well as a focused, concrete plan of action to strengthen the financial literacy of various groups of the population;
- How to leverage existing resources to enhance financial literacy in Canada;
- How best to promote financial literacy among the Canadian population;
- A framework for collaboration among all stakeholders, including governmental organizations at every level, that would maximize financial literacy efforts and limit duplication;
- How the different stakeholders should collaborate to advance the state of financial literacy research in Canada; and
- How to assess progress in the implementation of the national strategy, including identifying appropriate timelines and milestones for achievement.
For more information on the federal Government’s Task Force on financial literacy, please visit: http://www.financialliteracyincanada.com/
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