Opportunities for newcomers to enhance their financial literacy

    CIBC and YMCA rolling out Facts and Finance(TM) seminars in five
    locations in Toronto

    TORONTO, April 15 /CNW/ - Newcomers to the Greater Toronto Area have more
opportunities to increase their financial literacy for a smoother transition
to life in Canada. This month, CIBC and YMCA of Greater Toronto are rolling
out another series of three Facts and Finance(TM) seminars to provide
newcomers with meaningful information so they can make informed financial
decisions on how to save, establish credit history, start a business and
invest in their families' future.
    These two-hour seminars on Banking in Canada, Starting your own business,
and Teaching your children about money will be given throughout the year in
Toronto at five YMCA locations: Downtown, North York, Scarborough, Etobicoke
and Brampton.

    Banking in Canada:
    This seminar is designed to help newcomers make informed decisions on
building a credit history, saving and investing in Canada. It offers an
overview of banking in Canada, your rights, how your money is protected, and
the options available to you as a consumer. Newcomers will also learn about
opening an account, credit and loans, ways to bank, investments, products and
services, insurance and advice.

    Starting your own business:
    Newcomers will discover how knowing their goals, strategy and developing
a smart business plan will steer them in the right direction for business
success in Canada. The seminar covers ownership structures, business plans,
financing a business, what banks look for, why businesses fail and resources
for entrepreneurs.

    Teaching your children about money:
    Children need knowledge and practice to become money smart and starting
young will help them achieve that. In two hours, parents will learn helpful
tips to teach their children the value of money and how to save for their
children's education. The seminar gets into children's allowances, spending
plans, choosing a bank, advanced money ideas, getting a job, and saving for
your child's education.

    "The 'Teaching Your Children About Money' seminar provides a lot of
concepts and methods about how to teach your kids about money," said Mrs. Hua
Li, who attended one of the seminars in Toronto in 2008. "They are practical
and easy to follow. It also presents information on making plans for your
children's education, such as RESPs. After this program, I noticed that I have
much more topics to talk to my children about."
    To register, please visit: www.cibcymcanewcomers.ca or call
    "This series of informative seminars builds on the YMCA's strong history
of connecting with newcomers, and CIBC's focus on financial advice, banking
services and community support," said Christina Kramer, Executive
Vice-President, CIBC Retail Markets. "Feedback from those who attended the
seven Facts and Finance seminars last year was very positive, particularly on
the caliber of the instructors and the subject matter."
    "These free seminars help the YMCA connect with newcomers to make their
transition to life in Canada easier," says Laura Palmer Korn, YMCA Senior
Vice-President, Employment and Community. "This partnership is one of the ways
the YMCA builds strong kids, strong families and strong communities."

    About YMCA

    The YMCA of Greater Toronto is one of the region's most dynamic
charities, connecting with and touching the lives of nearly half a million
people in the GTA every year. With a budget of $150 million, we are the
second-largest YMCA in North America with 3,000 employees and 3,500 volunteers
in over 200 locations. The YMCA is actively engaged with some 250
corporations, organizations and community partners, and our role in the
community is far reaching. Our extensive connections with the community
include newcomer programs, youth outreach and intervention, fitness and
recreation, education and employment programs, family support and social
services, child care, and overnight and day camping.

    About CIBC

    CIBC is committed to supporting causes that matter to our clients, our
employees and our communities. We aim to make a difference in communities
through corporate donations, sponsorships and the volunteer spirit of
employees. With a strategic focus on youth, education and health, and employee
commitment to causes including the Canadian Breast Cancer Foundation CIBC Run
for the Cure, the CIBC World Markets Children's Foundation and United Way, we
are investing in the social and economic development of communities across the
country. In 2008, CIBC group of companies contributed more than $36 million
worldwide to charitable and nonprofit initiatives. Of this, more than $27
million was invested in Canada to support national, regional and local
organizations. To learn more, visit www.cibc.com/pas

For further information:

For further information: YMCA: Celecia Partap, Manager, Public
Relations, (416) 413-1020, ext. 2350, Celecia.partap@ymcagta.org; CIBC: Doug
Maybee, Director, External Communications and Media Relations, (416) 980-7458,

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