November 29, 2023 Organization

Montréal – With Financial Literacy Month drawing to a close and the topic of financial literacy still top of mind for various actors in society because of the current economic environment, the Autorité des marchés financiers (the “AMF”) is issuing a call to action and announcing the launch of consultations with financial education organizations and specialists in order to prepare the Québec Financial Education Strategy (QFES) 2023-2026 Action Plan.

What’s driving this process? The desire to improve Quebeckers’ financial well-being, which is intrinsically linked to their level of financial education. Of the 71% of Quebeckers that experience financial anxiety, 57% believe their anxiety could be reduced by raising their level of financial literacyLéger Omnibus Survey – Situation financière actuelle des Québécois et Québécoises, October 2023..

As part of its call to action, the AMF, which is leading the QFES, will work actively with its governmental partners: the Commission des normes, de l’équité, de la santé et de la sécurité du travail (CNESST), the Office de la protection du consommateur, Retraite Québec and Revenu Québec.

Expression of interest period

The AMF and its partners wish to involve in the project financial literacy organizations and specialists in the public, private, community-based, association, education and academic research sectors in order to favour the implementation of high-impact initiatives.

In the coming months, a series of actions and exchanges will begin with future QFES partners. Orientations and priority areas are being posted today on the AMF website. Any organization (large or small) or specialist interested in supporting this collaborative project aimed at helping Quebeckers improve their financial literacy are invited to submit ideas and initiatives, which will be analyzed for potential inclusion in the detailed QFES action plan to be unveiled in the spring of 2024.

Information on the process and main orientations of the initial QFES action plan will be presented during a webinar on December 12, 2023. To find out more about the process, see our webpage.

The Autorité des marchés financiers is the regulatory and oversight body for Québec's financial sector.

INFORMATION

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