Financial literacy committees and networks

From: Financial Consumer Agency of Canada

To implement the National Strategy for Financial Literacy—Count me in, Canada, the Financial Consumer Agency of Canada (FCAC) works closely with stakeholders from various sectors across the country and with the following committees, networks and working groups.

National Steering Committee on Financial Literacy

The National Steering Committee on Financial Literacy provided guidance and advice to the Financial Literacy Leader, Jane Rooney. Members acted as champions for the National Strategy for Financial Literacy—Count me in, Canada, and provided leadership within their respective sectors, engaging broad stakeholder communities in working to advance the strategy’s goals and reporting to the Financial Literacy Leader on progress.

Together, members of the two National Steering Committees undertook 239 activities to support the goals of the National Strategy.  Click here for an infographic highlighting these initiatives.

Members of the National Steering Committee on Financial Literacy​ were:

Inaugural committee (2014-2016)

  • Leslie Byrnes, Canadian Life and Health Insurance Association
  • Camille Beaudoin, Autorité des marchés financiers (AMF)​
  • Laurie Campbell, Credit Canada
  • Terry Campbell, Canadian Bankers Association
  • Shelley Clayton, Canadian Association of Student Financial Aid Administrators
  • Mary G. Condon, Ontario Securities Commission
  • Patrick Foran, CTV
  • Suzanne Gendron, Mouvement Desjardins
  • Terry Goodtrack, AFOA Canada
  • Kelley Keehn, Personal Finance Expert & Financial Author
  • Cary List, FP Canada
  • Elizabeth Mulholland, Prosper Canada
  • Andrew Nicholson, Financial and Consumer Services Commission of New Brunswick
  • Gary Rabbior, Canadian Foundation for Economic Education
  • Cairine Wilson, Chartered Professional Accountants of Canada

Second committee (2017-2019)

  • Camille Beaudoin, Autorité des marchés financiers (AMF)​
  • Jeff Cates, Intuit Canada
  • Martha Durdin, Canadian Credit Union Association
  • Terry Goodtrack, AFOA Canada​
  • Darren Hill, Junior Achievement of Saskatchewan
  • Michel Leduc, Canada Pension Plan Investment Board
  • Elizabeth Mulholland, Prosper Canada
  • Susan Murray, Canadian Life and Health Insurance Association
  • Andrew Nicholson, Financial and Consumer Services Commission of New Brunswick
  • Neil Parmenter, Canadian Bankers Association​
  • Greg Pollock, Advocis
  • Kelly Stone, Families Canada
  • Joy Thomas, Chartered Professional Accountants of Canada
  • Suzanne Trottier, First Nations Financial Management Board
  • Patricia White, Credit Counselling Canada​

Financial Literacy Working Group for the Workplace

The Financial Literacy Working Group for the Workplace was formed as a key component of FCAC’s workplace initiative. The objective of the workplace initiative was to strengthen the knowledge, skills and confidence of working Canadians to improve their financial well-being. The Working Group reported to the National Steering Committee on Financial Literacy. 

The Working Group contributed their knowledge and expertise to the development of strategies and resources for financial wellness in the workplace programs.

Participants of the Financial Literacy Working Group for the Workplace are:

  • Caroline Curran, Treasury Board of Canada Secretariat
  • Janice MacLellan, The Canadian Payroll Association
  • Indi Madar, Canadian Credit Union Association
  • Susan Murray, Canadian Life and Health Insurance Association
  • Andrew Nicholson, New Brunswick’s Financial and Consumer Services Commission
  • Mack Rogers, ABC Life Literacy Canada
  • Valérie Sauvé, Autorité des marchés financiers 
  • Robert Stapleford, Canadian Institute of Actuaries
  • Doretta Thompson, Chartered Professional Accountants of Canada
  • Patricia White, Credit Counselling Canada

Financial Literacy Working Group for Indigenous Peoples

The Financial Literacy Working Group for Indigenous Peoples was established to assist FCAC in responding to the financial literacy needs of Indigenous Peoples, including First Nations, Inuit and the Métis Nations. The working group is comprised of leaders from a broad representation of Indigenous and non-Indigenous organizations and its mandate is to undertake financial literacy initiatives that are community-driven, created for and with Indigenous Peoples. The working group will focus efforts on sharing information about Indigenous financial literacy initiatives, establishing collaborative partnerships for developing and delivering new initiatives and identifying gaps that could be addressed by undertaking research.

Research Sub-Committee (2018-2020)

The Research Sub-Committee advises FCAC on research-related matters. Members are mandated to work in collaboration with other stakeholders to coordinate research initiatives, promote research findings, and contribute to the development of the field of financial literacy research.

Current key deliverables for the Research Sub-Committee are the following:

Members of the Research Sub-Committee are:

  • Bruno Lévesque (Chair), Financial Consumer Agency of Canada
  • Jerry Buckland, Menno Simons College
  • Karen Duncan, University of Manitoba
  • Andrea Hasler, George Washington University
  • Jodi Letkiewicz, York University
  • Allison Meserve, Prosper Canada
  • Pierre-Carl Michaud, HEC Montreal
  • Nicole Robitaille, Queen's University
  • David Rothwell, Oregon State University
  • Bettina Schneider, First Nations University of Canada
  • Dilip Soman, University of Toronto
  • Brenda Spotton Visano, York University
  • Jiaying Zhao, University of British Columbia

Interdepartmental Committee on Financial Literacy

The Interdepartmental Committee on Financial Literacy is chaired by the Financial Consumer Agency of Canada. Composed of representatives from federal government departments and agencies with an interest in financial literacy, the Committee meets twice a year to: 

  • contribute to the implementation of the national strategy for financial literacy
  • facilitate information sharing with federal departments and agencies
  • identify gaps and opportunities to collaborate and coordinate on financial literacy initiatives across federal departments and agencies
  • facilitate an integrated approach that seeks to embed financial literacy in federal government programs, policies and training
  • increase efficiency by resolving overlapping initiatives and avoiding duplication of effort
  • engage stakeholders in research and discussion on financial literacy

Member organizations include:  

  • Bank of Canada 
  • Canada Deposit Insurance Corporation 
  • Canada Mortgage and Housing Corporation 
  • Canada Revenue Agency 
  • Canada School of Public Service 
  • Department for Women and Gender Equality
  • Department of Finance Canada
  • Employment and Social Development Canada—Canada Student Loans Program 
  • Employment and Social Development Canada—Program Policy Development 
  • Employment and Social Development Canada—Seniors and Pensions Policy Secretariat
  • Employment and Social Development Canada—Social Policy Directorate 
  • Employment and Social Development Canada—Workplace Partnerships Directorate 
  • Financial Consumer Agency of Canada 
  • Global Affairs Canada 
  • Immigration, Refugees and Citizenship Canada
  • Indigenous Services Canada
  • Innovation, Science and Economic Development Canada—Competition Bureau 
  • Innovation, Science and Economic Development Canada—Digital Policy Branch 
  • Innovation, Science and Economic Development Canada—Office of Consumer Affairs 
  • Innovation, Science and Economic Development Canada—Office of the Superintendent of Bankruptcy 
  • Office of the Privacy Commissioner of Canada 
  • Office of the Superintendent of Financial Institutions 
  • Public Health Agency of Canada 
  • Public Services and Procurement Canada—Receiver General Modernization 
  • Service Canada 
  • SISIP Financial Services 
  • Statistics Canada 

​Financial literacy networks

In recent years, networks have sprung up across the country to advance financial literacy. Organizations have come together to harness their resources and work collaboratively toward a common goal, sharing information and best practices for the benefit of their community.  

To add your network to this list, please contact us at financial.literacy@fcac.gc.ca.​​​​​​​​

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