The Parliament of Canada has officially proclaimed November as Financial Literacy Month, which was established to increase the financial acumen of Canadians.

Based on support from the Canadian Government, the Financial Consumer Agency of Canada (FCAC) was created as an independent body in 2001 and is now responsible for Financial Literacy Month. The agency’s primary purpose is to help inform Canadian consumers about various financial products and services, ensuring they stay protected by knowing their rights and responsibilities.

The agency hopes Financial Literacy Month will appeal to all ages, encouraging everyone to share the importance and benefits of being financially savvy, as well as the dangers of not having basic financial understanding. The goal of Financial Literacy Month is to unite people from all over the country, to reach the largest audience possible.

The FCAC plans on working with multiple organizations to jointly promote financial literacy. Throughout the month of November, numerous parties will be holding seminars and workshops dedicated to that mission.

The calendar for Financial Literacy Month lists a number of events across all provinces and cities in Canada, in which Canadians can take part and hopefully broaden their financial awareness. On itpaystoknow.gc.ca, public and private sector organizations, as well as volunteers who wish to take part can register their own events.

The FCAC hopes that people will learn the basics of money management, as well as improve their financial habits. The agency wants to make Canadian consumers more financially intelligent and confident in their abilities as a result of this initiative.