Canada’s banks are strong advocates for improving the financial literacy of Canadians and support a variety of programs and initiatives to help Canadians better understand financial matters and improve their money management skills.
Banks recognize that providing young Canadians with information and tools to understand the importance of money management at an early age helps improve the financial literacy of Canadians as a whole. As a result, for close to ten years the CBA has coordinated the YourMoney seminar program. YourMoney is a free 50-minute non-commercial financial literacy seminar for senior high school students about:
Sponsored by Canada’s banks and developed in partnership with the Financial Consumer Agency of Canada (FCAC), the YourMoney seminar is presented by more than 800 community bankers from across Canada who volunteer their time and expertise to deliver the seminar in schools. The interactive seminar gives students the opportunity to learn about real-life financial subjects and to ask questions about the issues that matter most to them. To date, more than 186,000 students have participated in the program.
Teachers can request a seminar any time during the school year by contacting the CBA. Teachers will be matched with a local banker volunteer to present the seminar to their class. Interested teachers can visit www.yourmoney.cba.ca, or contact the YourMoney seminar coordinator at 416.362.6093 ext. 260.
In 2009, the CBA was honoured with an Alberta Consumer Champion Award from Service Alberta for YourMoney in recognition of the Association’s commitment to providing high school students with the information needed to navigate the financial world around them.
YourMoney also complements The City, a web-based financial education resource developed by the FCAC in collaboration with the British Columbia Security Commission. Teachers using The City can bring in a YourMoney banker as a guest speaker to discuss the financial issues addressed in The City's 11 learning modules.
As part of its efforts to support youth, the CBA also supports the Forum for Young Canadians. The Forum experience brings students to Ottawa for an academic adventure that immerses them in the intense world of national politics and public affairs.
And for almost 20 years, the Parliamentary Internship Programme (PIP) has received funding and support from the CBA. The PIP is a non-partisan initiative that gives young Canadians an opportunity to work on Parliament Hill with both Government and Opposition Members of Parliament. Since 1969, almost 400 young Canadians have benefitted from the Programme, with many going on to senior positions in the academic, public and private spheres.
Canada’s banks are strong advocates for improving the financial literacy of Canadians and support a variety of programs and initiatives to help Canadians better understand financial matters and improve their money management skills.
The Federal Government has highlighted the importance of financial literacy. In 2009, the federal government created the Task Force on Financial Literacy to develop a national strategy to strengthen the financial literacy of all Canadians. The CBA is participating in the consultation process to develop the strategy and strongly supports the efforts of the Task Force.
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