News

In the excitement surrounding the 2024 Federal Budget, many Canadians may not have noticed a commitment in Chapter 3 that will be a game changer for many low- and moderate-income Canadians who have been hit the hardest by the ongoing affordability crisis.   This commitment outlines a $60 million investment over the next 5 years to expand community-delivered financial ...

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financia...

Board Composition Prosper Canada is governed by a volunteer Board of up to 15 Directors plus the CEO (ex-officio, non-voting). We strive to include members from a variety of backgrounds, sectors, and geographic regions to reflect Canada’s diversity to the greatest extent possible. To view our current Board of Directors, please visit our website at Board of Directors.R...

The Daily Bread Food Bank is calling on all organizations to demand action and send policymakers a message advocating for solutions to end poverty and food insecurity.The ask: The budget is going to drop in a few short weeks so please help with a final, urgent push to promote fundthebenefit.ca to get as many letters as possible to MPs.Here are three ways you ...

The Definity Insurance Foundation is a Canadian registered charity, financed with $100 million of the proceeds of the demutualization of the Economical Mutual Insurance Company to represent past and present policyholders and employees. The Foundation has been entrusted with designing and supporting community initiatives that reduce the effects of social and economic inequali...

With the impact of the affordability crisis being felt across the income spectrum, there has been significant federal government attention to the cost of living, consumer protection and ensuring people are treated fairly by their banks. Prosper Canada has continued to elevate the impact that the affordability crisis is having on people with low incomes to the federal governm...

In celebration of Black History month and the final year of The International Decade for People of African Descent, Prosper Canada is proud to announce the Expanding Financial Empowerment for Black Canadians project, our first step in advancing our commitment to Black Canadians. Through funding from the Definity Foundation we have begun working with two experts in financial...

Canada’s affordability crisis is financially crushing low- and moderate-income Canadians who are increasingly spending down their savings and taking on debt they cannot afford just to make ends meet.   That is why Prosper Canada is calling on the federal government invest $85 million over five years to deliver free, community financial help services to 1.5 milli...

Prosper Canada is pleased to announce that our team has recently expanded with the addition of two new hires. We are excited to share our new team members with you.Kavita Ramkumar  We are pleased to introduce Kavita who has been appointed to the position of Vice President of Finance and Administration. In this role, Kavita is responsible for all financial functions inc...

Susanna* is the sole breadwinner in her family but has been ill and unable to work. With few paid sick days, the resulting drop in her earnings has left her without enough money to cover her family’s expenses in the face of rapidly rising costs for food and other necessities. As a result, she has fallen behind on her rent and turned to payday and other high-interest lo...