(NC) The impact of COVID-19 on people and the economy is unprecedented. Canadians were already burdened by high levels of debt and, as a result of the pandemic, are increasingly facing financial pressures.
Financial literacy is defined as having the knowledge, skills and confidence to make responsible financial decisions. The complex and ever-changing world we live in means that people need to keep up with current information. Its important to get help to make informed financial decisions any time, but especially now.
The Financial Consumer Agency of Canada is an authoritative source for practical tips and tools, including information on managing financial health in challenging times. Their financial toolkit includes information to help strengthen your financial literacy.
Financial Literacy Month, which takes place each November, is an opportunity to strengthen your financial literacy. Throughout the month, organizations from across the country host events and share resources to help manage money and debt wisely, save for the future, and understand your rights and responsibilities when dealing with financial institutions.
During this month and throughout the year, you can find educational resources at canada.ca/financial-tools.
