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
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...