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OTTAWA — Canadians are being encouraged to talk more openly about money during Financial Literacy Month as the federal consumer watchdog focuses on building confidence around everyday financial decisions.
The Financial Consumer Agency of Canada says November’s “Talk Money” campaign will promote conversations about debt, financial products, future planning and fraud prevention.
“Talking about everyday money moments is an important aspect of building financial confidence and navigating an increasingly complex and rapidly changing financial marketplace,” FCAC Commissioner Shereen Benzvy Miller said.
The agency says fraud is a particular focus this year because victims may hesitate to discuss their experiences due to embarrassment or stigma.
FCAC says talking openly about fraud can help people recognize warning signs, avoid scams and understand where to seek help.
Canadians are also being encouraged to review their banking arrangements as fees, products and promotional offers change over time.
The agency says comparing available options can help consumers determine whether their current accounts and services still meet their needs.
FCAC is also inviting Canadians to share memorable money conversations through its “If your wallet could talk…” campaign.
The agency says research has found encouraging young women to talk about money improved both financial confidence and financial behaviours.
Financial Literacy Month has been observed in Canada each November since 2011.
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