Canadians and Their Money

Figure 5: The Proposed National Strategy on Financial LiteracyMissionStrengthenthe financialliteracy ofCanadiansRecommendationsShared ResponsibilityLeadership and CollaborationDelivery and PromotionAccountabilityOverallObjectivesPrioritiesLifelong LearningPublicawarenesscampaignPeriodicreportingto CanadiansFinancialliteracy: anessential skillGovernmentof Canadaprograms• Shared responsibility • Leadership and collaboration• Lifelong learning • Delivery and promotion • AccountabilityDedicated leadershipSinglesourcewebsitePrivatesectorreportingLeverage existing resourcesto increase the financialknowledge, skills and confidenceof Canadians. Measure the progress ofvarious segments of the Canadianpopulation across relevant indicatorsof financial literacy competencies.The formaleducationsystemResources forthe voluntarysectorRecommendationsFinancial literacy stakeholdersFraudpreventionand educationImprovingprogramevaluationFinancial literacytools and resourcesfor educatorsFirst NationscapacitybuildingMulti-stakeholder collaborationLearningin theworkplaceTake-up ofgovernmentprogramsClearcommunicationsInvestinginresearchAwards ofexcellenceMonitoringtrends andprogressFinancialservicesprovidersSavingstrategiesSelfassessmenttoolsParticipatingin internationalassessmentsIn the sections that follow, we set out our recommendations and the rationale behindthem. We believe these measures will, over time, make a significant impact andcontribute to the financial well-being of all Canadians. Realizing the goals of theNational Strategy will not happen overnight: it will require all those with a role to playto work in a coordinated fashion to effect meaningful, long-term change. We inviteeveryone to learn the key features of the proposed National Strategy and to play arole in its execution, for the benefit of Canadians today and future generations.18TASK FORCE ON FINANCIAL LITERACY – Financial Literacy Challenges and Opportunities in Canada