The federal government's task force on financial literacy is embarking on a cross-country consultation as it seeks to put together a national strategy that will teach Canadians how to manage their finances.
The panel will release its "Leveraging Excellence" consultation document today as a starting point to discuss issues such as managing debt, investing and retirement planning.
The committee, led by Sun Life Financial chief executive officer Donald Stewart with vice-chair Jacques Ménard, has spent months studying financial literacy among Canadians and found reason for concern. The group is examining a survey of more than 15,000 people that suggests one-third of the population is struggling financially.
The consultation process will spread to each province and territory and make use of online forums, public hearings, requests for formal submissions, and round-table discussions.