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Opening remarks by Lucie Tedesco, Seminar on Ageing populations: Understanding and responding to the needs of older financial consumers 

| Financial Consumer Agency of Canada | speeches

Given this extraordinary change in our demographics, the Government of Canada is taking action in a number of areas. Just last fall, it tasked my agency to create a code of conduct to guide banks in their delivery of services to Canada’s senior population. This work is to complement our ongoing efforts to support Canadians in preparing financially for their future years as seniors.


Consumers’ knowledge and use of home equity lines of credit puts their financial well-being at risk

| Financial Consumer Agency of Canada | news releases

A report published today by the Financial Consumer Agency of Canada (FCAC) suggests that although home equity lines of credit (HELOCs) are widely sold, many consumers appear to lack awareness of the terms and conditions of this financial product, exposing them to the risk of over borrowing, debt persistence, uninformed decision-making and wealth erosion.


FCAC releases new data on Canadians’ budgeting behaviours and financial well-being

| Financial Consumer Agency of Canada | news releases

The Financial Consumer Agency of Canada (FCAC) presented the findings of two research projects during the National Research Symposium on Financial Literacy in Toronto on November 26 and 27. FCAC shared preliminary Canadian results of an international Financial Well-Being Survey and from the Agency’s latest behavioural budgeting research.


FCAC recognized for financial wellness by Canada Awards for Excellence 

| Financial Consumer Agency of Canada | news releases

The Financial Consumer Agency of Canada (FCAC) is pleased to announce that it received a Certificate of Merit in Financial Wellness in Toronto today from Excellence Canada as part of its Canada Awards for Excellence program.


Financial Literacy Month 2018 rallies Canadians to invest in their financial well-being

| Financial Consumer Agency of Canada | news releases

The Financial Consumer Agency of Canada (FCAC), in collaboration with the Bank of Canada, launched the 8th annual Financial Literacy Month (FLM) this morning. The goal of FLM is to encourage Canadians to take control of their finances and reduce financial stress by making a budget, having a savings and debt reduction plan, and understanding their financial rights and responsibilities.


Financial Consumer Agency of Canada publishes 2017-2018 Annual Report

| Financial Consumer Agency of Canada | news releases

The Financial Consumer Agency of Canada (FCAC) has released its 2017–2018 annual report. The report covers FCAC’s significant work from April 1, 2017 to March 30, 2018. It details the Agency’s efforts to protect financial consumers and help them make informed financial decisions.


FCAC’s new Supervision Framework now in effect

| Financial Consumer Agency of Canada | news releases

The Financial Consumer Agency of Canada’s (FCAC’s) new Supervision Framework is in effect as of October 1, 2018, further strengthening FCAC’s oversight of the financial services marketplace. The new framework illustrates FCAC’s vision for a robust and effective oversight of financial institutions and is designed to enhance protection of Canadian financial consumers.


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