CIRO funds initiatives to enhance financial literacy and protection for vulnerable Canadians
The Canadian Investment Regulatory Organization (CIRO) has entered into a new sponsorship agreement with Prosper Canada, a national charity focused on enhancing economic opportunities for Canadians with low incomes.
This partnership highlights CIRO’s dedication to investor education and protection, especially for financially vulnerable groups.
CIRO will allocate $600,000 over three years from its restricted fund to support two key initiatives at Prosper Canada. The funding will help build the capacity of community service providers to offer financial education and consumer protection services.
It will also aid in developing and distributing consumer protection resources specifically tailored for Indigenous audiences. This initiative particularly supports settlement recipients affected by discrimination in the First Nations Child and Family Services (FNCFS) Program and Jordan's Principle.
Karen McGuinness, senior vice-president, Office of the Investor, Member Intake, and Innovation at CIRO, expressed enthusiasm about the collaboration. “We are thrilled to collaborate with Prosper Canada on this initiative,” she said.
“By combining our resources and expertise, we can make a meaningful impact on the financial well-being of Canadians who need it most, such as Indigenous communities. This partnership aligns perfectly with CIRO's mission to protect investors and foster confidence in financial regulation.”
Elizabeth Mulholland, CEO of Prosper Canada, also shared her optimism about the partnership. "We are delighted to be partnering with CIRO to advance our shared goal of financial education and consumer protection for under-served population,” she stated.
“Their support will enable us to build the capacity of community partners across Canada to deliver appropriate and trustworthy financial help. It will also enable us to collaborate with Indigenous partners to co-design and deliver tailored consumer protection resources for their communities in keeping with our Commitment to Reconciliation.”
