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The Centre for Addiction and Mental Health’s (CAMH), Social Determinants of Health Service recently launched a financial literacy program called Money Wi$e, an initiative that addresses the financial literacy needs of the hospital’s clients. Funded by a TD Financial Literacy Grant Fund grant, the Money Wi$e program empowers clients on their road to recovery by equipping social workers, therapists and other clinicians with what they need to become financial literacy trainers using a train-the-trainer model.

Financial Literacy is a basic need for every Canadian. This November marks the fifth annual Financial Literacy Month (FLM) in Canada.FLM aims to encourage organizations from all sectors to promote financial literacy for Canadians of all ages.

In SEDI’s recent submission to the Ontario government’s Poverty Reduction Strategy consultation, we strongly encouraged the government to take advantage of a new community approach to reducing poverty called Financial Empowerment.