Click here to close now.


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,, 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


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.

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
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content. Join @ThingsExpo conference chair Roger Strukhoff (@IoT2040), June 7-9, 2016 in New York City, for three days of intense 'Internet of Things' discussion and focus, including Big Data's indespensable role in IoT, Smart Grids and Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) IoT's use in Vertical Markets.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.