Impact

Women's financial literacy

Financial empowerment is a means to female empowerment. Female immigrants are particularly more at risk of having lower rates of financial knowledge than both Canadian-born women and male immigrants. This project aims first to improve knowledge of financial options, financial services, use of those services (ability-based) and second to improve the confidence of women when it comes to financial/economic matters (disrupt the status quo); and also to highlight examples of role models who are financially empowered women for newcomers to Canada, particularly females between the ages of 30-50 years. The Montreal Hub hopes to make this process as iterative and user-centric as possible. First, research will be undertaken to better understand both the challenges to financial literacy in for female newcomers and the existing initiatives in the space of financial literacy and newcomers. Next, the hub will develop and administer a survey in Montreal-area organizations to derive content for a financial literacy course that will be delivered through in-person workshops and online videos. This content will be developed through a gender lens and opportunities for scale. Montreal Shapers will also use new and existing partners to deliver this content. Finally, the hub will monitor outcomes and adjust the end product as necessary.