2019 Financial Literacy Month
MONTREAL, Nov. 5, 2019 /CNW Telbec/ - To mark Financial
Literacy Month, National Bank today announces a partnership with
the Canadian Foundation for Economic Education (CFEE). This
collaboration will make it possible to set up an educational
program on personal financial management.
Studies have shown a clear link between mental, physical and
financial wellness. People dealing with financial stress are twice
as likely to report poor overall health. For many Canadians, money
worries are a greater source of stress than work, personal health
and relationships.
By setting up this educational program, National Bank and CFEE
will help individuals build a future that meets their financial
needs. The program will include a wide range of workshops and
training sessions, offered across the country. It will target three
groups:
- High school students
- College and university students
- Newcomers to Canada
"We're very pleased to kick off Financial Literacy Month in
partnership with CFEE. We believe financial education is the key to
financial wellness. That's why we support the Foundation in
developing resources for young people. We also believe helping
newcomers understand our financial system will enable them to
integrate more easily into the Canadian economy," said Lucie Blanchet, Executive Vice-President –
Personal Banking and Client Experience at National Bank.
"The Foundation is thrilled to have the support of National Bank
for this initiative," said Gary
Rabbior, President of CFEE. "A lot of people let their fears
or lack of motivation hold them back from dealing with their
finances. That's why we want to boost participants' confidence in
their financial literacy. Personal finances matter to
everyone!"
For Financial Literacy Month, National Bank has also
prepared a series of articles and videos on the ups and downs of
family finances:
- Managing a family budget (as of November 4)
- Parental leave (as of November 12)
- Divorce (as of November
18)
- Dividing family wealth (as of November 26)
This content will also be available on the Advice section of the
Bank's website at nbc.ca. The platform includes some 3,000
articles, videos, files and capsules that shed light on a wide
range of topics related to managing personal finances. Nearly 1.5
million people consult these resources monthly.
About National Bank of Canada
With $276 billion
in assets as at July 31, 2019,
National Bank of Canada,
together with its subsidiaries, forms one of Canada's leading integrated financial groups.
It has more than 25,000 employees in knowledge-intensive positions
and has been recognized numerous times as a top employer and for
its commitment to diversity. The Bank's securities are listed on
the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities
at nbc.ca or via social media such as
Facebook, LinkedIn and
Twitter.
About CFEE
CFEE is a federally chartered,
non-profit, non-partisan organization, founded in 1974, that works
to improve economic and financial literacy and enterprising
capability. CFEE works collaboratively with ministries and
departments of education along with school boards, schools,
educators, and teacher associations. CFEE also engages in
activities to support and assist newcomers and past immigrants to
Canada, and the general public
including print resources, videos, workshops, and online resources.
Overall, CFEE aspires to help Canadians of all ages be better
prepared to undertake their economic roles, responsibilities, and
decisions with confidence and competence.
SOURCE National Bank of Canada