CFEE and IG Wealth Management Team Up with Government of Newfoundland and Labrador to Expand Financial Literacy Across ProvinceCFEE11.16.22
Five thousand additional copies of Money and Youth financial literacy books to be distributed to Grade 10 students
St. John’s NFLD – November 16, 2022 – The Canadian Foundation for Economic Education (CFEE), IG Wealth Management (IG) and the Government of Newfoundland and Labrador today announced the expansion of financial literacy resources for Grade 10 students across the province through the provision of an additional 5,000 copies of CFEE and IG’s Money and Youth: A Guide to Financial Literacy, one of the most extensively used resources supporting youth financial literacy in Canada.
The announcement was made at Holy Heart of Mary High School and featured sixty students from St. John’s, Newfoundland and Labrador Minister of Environment and Climate Change, the Honourable Bernard Davis and representatives from CFEE and IG.
Interest in helping Canadians, and especially youth, improve their financial capabilities and confidence is becoming a priority for parents, educators and governments across Canada. Recently, Newfoundland and Labrador introduced a compulsory Grade 10 career education course to ensure students in the province receive a basic financial literacy education. The province has designated Money and Youth as one of the core resources to help students better understand the basics of personal finance, including budgeting, saving and investing, debt management, and how the economy and financial markets work.
During the event, CFEE and IG announced they would be providing an additional 5,000 copies of Money and Youth to Grade 10 students across the province. To date, over 700,000 copies of Money and Youth have been distributed to schools and homes across Canada. IG has supported CFEE’s Money and Youth program for over 20 years. In addition to Money and Youth, which has been updated regularly over the years, CFEE has also created a website that provides helpful support for youth, teachers and parents. For more information on Money and Youth, please visit www.moneyandyouth.com. The Money and Youth book and website are available in both English and French.
“Working to improve the financial capability of our youth to build successful financial futures is always important – but the importance of doing so is made particularly clear by the current economic times,” said Gary Rabbior, President of the Canadian Foundation for Economic Education. “Rising inflation, rising interest rates, and fears of recession make it clear that it is vitally important to improve the economic and financial capability of all Canadians to enable them to better understand economic realities that affect their financial world and to be more confident, and better prepared, to make financial decisions and manage the financial affairs effectively.”
“We’re delighted to be working with CFEE and the Government to help grow financial literacy across the province, particularly among young people,” said Pamela Earle, Regional Vice President, IG Wealth Management. “Financial literacy breeds financial confidence, which in turn results in financial well-being. And that’s our ultimate goal for Canadians.”
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 IG Wealth Management:
Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of advisors located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, IG offers a wide range of other financial services. IG Wealth Management has $108.3 billion in assets under advisement as of October 31, 2022 and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s leading diversified wealth and asset management companies with approximately $246 billion in total assets under management and advisement as of October 31, 2022.
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