New "Virtual Adviser" Helps Canadians with Money and Work Questions

    TORONTO, Jan. 14 /CNW/ - A recently released poll showed that most
Canadians feel ill-equipped to make many of the economic and financial
decisions that they face in today's volatile economic climate. The poll,
commissioned by the Canadian Foundation for Economic Education (CFEE) and
undertaken by The Strategic Counsel, revealed some troubling knowledge gaps
among Canadians in basic areas of economic knowledge such as credit card
interest rates and filling out tax returns. And more than half of the
respondents (55%) do not have confidence in their ability to decide among
political parties' economic policies.
    In fact, the poll revealed that Canadians now view economic and financial
literacy and capability as so important that nine out of 10 favour making
financial and economic education compulsory in the public school system.
    "We know that Canadians are very anxious about the economy and the impact
that the current crisis could potentially have on their lives. They are
working to make the best decisions that they can for themselves and their
families," said Gary Rabbior, President of CFEE. "But, to do that, they need
help - unbiased, clearly written, and up-to-date help - and that is why we
have developed the "Virtual Adviser."
    The Virtual Adviser is an on-line tool developed by CFEE with funds
provided by the Government of Canada, specifically, the Skills and Employment
Branch of Human Resources and Social Development Canada. It can be accessed at or through CFEE's main web site -
    The Virtual Adviser provides answers to about 80 of the most common
questions that Canadians ask about money and about 60 of the most common
questions that Canadians ask about work. The answers provided are objective
and written in plain language. The web site also provides links to many other
helpful resources and on-line calculators. The Virtual Adviser does not try to
sell or promote any product or service. Its sole purpose is to help improve
the financial and economic capability of Canadians - and to assist them with
the challenges and decisions that they face.
    The Virtual Adviser has also been developed in a controlled "wiki" style
so that users can submit additional questions, answers, and recommended links.
All submissions are reviewed, evaluated, and edited prior to posting to ensure
the high quality and accuracy of the information on the site.
    CFEE's President said, "We hope this new tool will provide many Canadians
with the help they have been looking for - answers to their questions from a
non-commercial, unbiased source."

    CFEE is a national, not-for-profit, non-partisan organization dedicated
to the promotion of financial and economic literacy among Canadians.

For further information:

For further information: Gary Rabbior, President, Canadian Foundation
for Economic Education (CFEE), 110 Eglinton Avenue West, Suite 201, Toronto,
Ontario, M4R 1A3, Phone: (416) 968-2236, Fax: (416) 968-0488, E-mail:, Web Site:

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Canadian Foundation for Economic Education

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