Financial literacy is an essential life skill and an important part of the economic well being of Canadians. Cultivating financial literacy from a young age empowers individuals to manage their finances confidently in the future. However, providing accessible financial tools and education is essential for all ages, ensuring informed decision-making at every life stage. Given the financial headwinds Canadians continue to face in the current economic environment, financial literacy remains a relevant topic.

Canada’s banking industry has long recognized that it has a role to play in supporting and strengthening financial literacy. Banks support several programs to help Canadians strengthen their financial knowledge, skills and confidence, including the Canadian Bankers Association’s free education programs, Your Money Students and Your Money Seniors. Introduced in 1999 and 2014 respectively, both programs are presented by bankers in the community volunteering their time and expertise and are available across the country in English and French. Both programs are offered in person or virtually.

Below are infographics that summarize the progress made in 2023 for both programs. The CBA is delighted to see the continued success of these programs and are looking forward to growing these initiatives in 2024 and beyond.