News

The Government of Canada is taking strong and quick action to protect our economy, and the health, safety, and jobs of all Canadians during the global COVID-19 outbreak. The Prime Minister, Justin Trudeau, today announced a new set of economic measures to help stabilize the economy and help Canadians affected by the impacts of this challenging period. These measures, ...

Getting through a financial emergency Financial emergencies can happen to anyone and come at any time. They can be the result of family illness, job loss, urgent home repairs, or a weather event like a major flood. Some events could even shut down your community for an extended period.   You may be worried about the impact of the current COVID-19 pandemic on your ...

The Shared Path: First Nations financial wellnessdefines financial wellness in the context of First Nations Peoples and communities, reviews why it matters, provides a conceptual framework to help clarify the determinants of financial wellness, and identifies barriers, needs, best practices and principles for building the financial wellness of Indigenous individuals, familie...

Canadians roundly criticized Prime Minister Kim Campbell in 1993 for her ill-advised declaration that elections were no time to talk about policy. Reflecting on this year’s federal election though, you can’t help but feel there was a grain of truth in her comment.    In elections, parties and candidates typically collapse complex policy issues in...

FrançaisOttawa residents join EBO Financial Education Centre in celebrating its 40th anniversary! The Mayor proclaims November 7, 2019, Financial Empowerment Day in Ottawa.   On November 6, more than 125 guests—including members, partners and funders of EBO Financial Education Centre—gathered at Ottawa City Hall to celebrate the 40th anniversary of ...

Française By Guylaine Fauteux  Like it or not, money plays a big part in everyone’s life. This includes couples living together. Spouses will always have different levels of financial education and different financial habits. So how do you bridge the gap and prevent things from falling apart? Communication is key. To foster communication, partners shou...

Français November 28, 2019 (Toronto) – Prosper Canada and the Canadian Council on Social Development today released a new report comparing household financial health across Canada’s 35 largest cities.    A multi-phase research initiative sponsored by the Investment Industry Regulatory Organization of Canada (IIROC), Urban Spotlight: Neighbourhood ...

Français More than 30 budget counselling organizations, including Ottawa’s EBO Financial Education Centre, met on September 19, 2019, near Québec City, to discuss and share the results of the impact study by Desjardins Mutual Assistance Fund as well as its recommendations. The microloan program has been in existence since 2002 and is offered today by 35 community-bas...

Learning how to save money can come in many forms such as sticking to a budget, cutting spending and finding the right tools to help you. For those living on low income, saving can be an even greater challenge however; one proven way is finding ways to boost your tax refund. Alex* became a Tax Time Savings (TTS) participant recruited from one of the free tax clinics ope...

by Geneviève Tallmeister, SmartSAVER  We know that many parents are going through great lengths to save - whether it be through coupons when grocery shopping, finding the best back-to-school deals, or packing a brown bag lunch for their child. According to recent research by Mintel, 86 per cent of households who make less than $50,000 annually use a rewards o...