Welcome!

News Feed Item

BMO and CFEE Expand Financial Literacy Program in Canada

- Talk With Our Kids About Money Day in participating schools in Ontario, Quebec, Manitoba, Saskatchewan and Newfoundland

TORONTO, ONTARIO -- (Marketwired) -- 04/15/14 -- Talk With Our Kids About Money Day is expanding across Canada this year. The program, developed by the Canadian Foundation for Economic Education (CFEE) in partnership with BMO Financial Group, offers a simple way to help young Canadians learn more about money and personal finances.

Talk With Our Kids About Money Day was launched last year in more than 400 schools in Toronto and Montreal. This year, the program expands to participating schools in Ontario, Quebec, Manitoba, Saskatchewan and Newfoundland. The program encourages Canadians to have conversations with youth about money and personal finance. The annual event takes place the third Wednesday in April, this year, April 16, with a "Home Program" for families and a "School Program" for Grade Seven students and teachers. Both parents and teachers can visit the online hub, www.talkwithourkidsaboutmoney.com, free for anyone to access, and updated with resources and curriculum ideas.

"Understanding how to manage money is one of the most important life skills parents and teachers can show our kids, and it's never too early to start. I applaud BMO and the Canadian Foundation for Economic Education for encouraging hundreds of schools and parents across Canada to actively take up this challenge and participate in this year's Talk With Our Kids About Money Day", said Kevin Sorenson, Minister of State (Finance). "While every day is a good day to talk with our kids about money, this tremendous initiative will help get that conversation started."

Highlights of School Program:


--  Easy-to-use lesson plans for teachers on incorporating money and finance
    into social studies, math, science, history, geography, music and art
--  Group discussion and debate ideas
--  Resources and interactive tools for teachers

Highlights of Parent Program:


--  Online access to ideas, activities, stories, resources, tools and videos
--  Discussion starters, interaction information and helpful resources links
--  Support resources are organized by child's age range

"The best way to help our youth prepare for their financial future is to get started - and as early as we can," said Gary Rabbior, President of the Canadian Foundation for Economic Education. "Talk With Our Kids About Money Day helps parents, guardians, and teachers get the conversations started - with easy to prepare, fun to do, and life-relevant activities and lessons."

"BMO has a longstanding commitment to fostering financial literacy and making money make sense - which in today's economy has never been more important for youth. The goal of Talk With Our Kids About Money Day is to bridge the information gap and arm youth with knowledge they need to become more financially confident," said L. Jacques Menard, Chairman of BMO Nesbitt Burns and Co-Chair of the Federal Task Force on Financial Literacy.

"Jim Flaherty made the expansion of financial literacy a key priority during his tenure as finance minister," continued Mr. Menard. "Today, we pay tribute to his efforts and his legacy. Congratulations to Jane Rooney, Canada's new Financial Literacy Leader - a position that represents a part of Mr. Flaherty's legacy."

Personal Finances in the Home

According to a BMO poll released today, Canadians would much rather talk to their kids about the facts of life than the family's financial situation (63 per cent vs. 37 per cent), indicating a lack of comfort among parents when it comes to having the "money" talk.

Furthermore, the poll revealed:


--  Only a quarter of parents feel strongly that they are equipped to give
    their children a solid financial education
--  Less than half (47 per cent) of Canadians are optimistic about the
    financial future of children and almost half (49 per cent) blame a lack
    of financial education for this outlook

Regional Breakdown


----------------------------------------------------------------------------
                                          TOTAL ATL  QC  ON Prairies  AB  BC
                                            (%) (%) (%) (%)      (%) (%) (%)
----------------------------------------------------------------------------
Percentage of Canadians who would rather
 talk about the facts of life with their
 children than finances                      63  55  86  57       53  53  56
----------------------------------------------------------------------------
Percentage of parents who feel strongly
 that they are equipped to provide a
 financial education                         25  25  20  27       32  23  27
----------------------------------------------------------------------------
Percentage of parents optimistic about
 the financial future of children            47  46  53  49       39  43  38
----------------------------------------------------------------------------

(1)

Survey results cited in this release are from a Pollara survey commissioned by BMO Financial Group with an online random sample of 1,012 adult Canadians, between March 27th and 31st, 2014. As a guideline, a probability sample of this size would yield results accurate to +/- 3.1%, 19 times out of 20.

Data has been weighted by region, gender, and age, based on the most recent Census figures, so that it is representative of all adult Canadians.

About CFEE

CFEE is a federally chartered, non-profit, non-partisan organization, founded in 1974, that works to improve economic and financial literacy and enterprising capability. CFEE works collaboratively with ministries and departments of education along with school boards, schools, educators, and teacher associations. CFEE also engages in activities to support and assist newcomers and past immigrants to Canada, and the general public including print resources, videos, workshops, and online resources. Overall, CFEE aspires to help Canadians of all ages be better prepared to undertake their economic roles, responsibilities, and decisions with confidence and competence.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $593 billion and more than 45,500 employees at January 31, 2014.

Contacts:
Media Contacts:
Canadian Foundation for Economic Education
Joseph Clark
(416) 893-8772 / (416) 968-2236
[email protected]

BMO Financial Group
Karen Cleveland, Toronto
(416) 450-2549
[email protected]

Valerie Doucet, Montreal
(514) 877-8224
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that CollabNet (www.collabnet.com) a global leader in enterprise software development and delivery solutions that help customers create high-quality applications at speed, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The CEO of CollabNet Flint Brenton will also present about DevOps challenges in today’s global, open, and heterogeneous world of software development.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...