Task force report makes 30 recommendations to improve financial understanding
With debt to income ratios in Canada surpassing that of Americans for the first time in more than a decade, a federal task force is calling for financial literacy to be taught at all education levels. The report, submitted to finance minister Jim Flaherty on Tuesday also recommends the government name a “national leader” to head a national strategy on literacy, and create a “single source” website where Canadians can access basic financial information. In total there were 30 recommendations. The task force was created in 2009 and is chaired by Sun Life Financial CEO Donald Stewart.