Banks recognize that providing young Canadians with information and tools to understand the importance of money management at an early age helps improve the financial literacy of Canadians as a whole. In addition to the initiatives sponsored or led by the individual banks to promote financial literacy, the banks also jointly support a non-commercial in-class seminar called Your Money Students. Since 1999, the CBA has coordinated the Your Money Students seminar program, a free 50-minute non-commercial financial literacy seminar for senior high school students about:
- Budgeting – how to spend what you have
- Saving – how to save for what you want, both now and in the future
- Investing – how to grow your money
- Credit – how it works and how to avoid traps
- Fraud – how to keep your money safe
Developed in partnership with the Financial Consumer Agency of Canada (FCAC), the Your Money Students seminar is presented by more than 600 local bankers from across Canada who volunteer their time and expertise to deliver the seminar in schools. The interactive seminar gives students the opportunity to learn about real-life financial subjects and to ask questions about the issues that matter most to them. To date, more than 220,000 students have participated in the program.
Teachers can request a seminar any time during the school year by contacting the CBA. Teachers will be matched with a local banker volunteer to present the seminar to their class. Interested teachers can visit http://www.yourmoney.cba.ca/, or contact the Your Money seminar coordinator at 416.362.6093 ext. 260.
Your Money also complements The City, a web-based financial education resource developed by the FCAC in collaboration with the British Columbia Security Commission. Teachers using The City can bring in a Your Money banker as a guest speaker to discuss the financial issues addressed in The City's 11 learning modules.
Your Money Students Financial Literacy Awards Presentation
The Your Money Students seminar program is one of the ways we are reaching young Canadians with the message of financial literacy. On May 11, 2015, the CBA recognized outstanding teachers and volunteer bankers for their dedication to improving the financial literacy of young people in their community. To date, our volunteer bankers have taught more than 7500 seminars to 225,000 young people across Canada. It is through their involvement in the program, either as a teacher hosting a seminar, or a banker who goes into the classroom, that the positive impact on the financial future of young Canadians is made.
The CBA’s Financial Literacy Awards were presented to the following outstanding teachers and volunteer bankers:
- Lela Leslie, a home economics teacher at Brookswood Secondary School in Langley, BC.
- Linda Caruth, a Career Programs Advisor at West Vancouver Secondary School in Vancouver, BC.
- Rick Andruchuk, a Career Technologies Studies teacher at James Fowler High School in Calgary, Alberta.
- Aly Hirji, a business teacher and career studies teacher and department head with Sir Wilfred Laurier Collegiate Institute in Toronto, Ontario and
- Marjolaine Levesque, an educator with Cité des Jeunes A.-M.-Sormany High school in Edmundston, New Brunswick, who wasn’t able to attend.
Left to right: The Honourable Kevin Sorenson, Minister of State (Finance), Lela Leslie, Rick Andruchuk, Aly Hirji, Linda Caruth, Financial Literacy Leader Jane Rooney, and CBA President Terry Campbell.
- Marc Beaulne of BMO Financial Group in Ottawa, Ontario.
- Derek Burgen of RBC Royal Bank of Canada in Vancouver, BC.
- Chantal Thériault of National Bank of Canada in Edmundston, New Brunswick.
- Tim Houck of TD Bank Group in Halifax, Nova Scotia.
- Kelly D’Amour of Scotiabank in Ajax, Ontario.
- Joan Popoff of CIBC in Moose Jaw, Saskatchewan and
- Susan Bendle of Canadian Western Bank in Edmonton, Alberta who couldn’t attend.
Left to right: The Honourable Kevin Sorenson. Minister of State (Finance), Kelly D’Amour, Chantal Thériault, Tim Houck, Marc Beaulne, Derek Burgen, Joan Popoff, CBA President Terry Campbell, and Financial Literacy Leader Jane Rooney.
These dedicated individuals, and indeed all the teachers and bankers involved in the program, are passionate about financial literacy and the CBA was pleased to have the opportunity to recognize their commitment to improving the money management skills of young people across Canada.
Additional CBA Efforts for Youth
The Parliamentary Internship Programme (PIP) has received funding and support from the CBA. The PIP is a non-partisan initiative that gives young Canadians an opportunity to work on Parliament Hill with both Government and Opposition Members of Parliament. Many young Canadians have benefitted from the Programme, with many going on to senior positions in the academic, public and private spheres.