Posted June 29, 2009
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Financial Literacy

New National Task Force on Financial Literacy to be Chaired by Sun Life CEO, Minister of Finance Announces

TORONTO - Donald A. Stewart, Sun Life Financial Chief Executive Officer, has been appointed Chairman of Canada's new, national Task Force on Financial Literacy. The announcement was made Last Thursday by Finance Minister James Flaherty at a news conference in Toronto.

"I have had a strong belief for many years on the need for individuals to become empowered consumers of financial services," Stewart said. "So I was delighted when the Government of Canada invited me - and a group of eminent Canadians - to consider and report on ways to support all generations to grow into knowledgeable managers of their personal savings, taxation, investments, debt and protection."

The Task Force will consult Canadians of all ages in all regions and identify best global practices in advancing financial literacy. The Task Force will provide information later this year on its plan of action and timetable to deliver a report to the Minister of Finance late next year.

In Canada's Economic Action Plan, the federal government made a clear commitment to protect Canadians by establishing an independent Task Force to make recommendations on a cohesive national strategy on financial literacy for Canadians. For more information on Canada's Task Force on Financial Literacy, please visit: www.financialliteracyinCanada.com.

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