The McGill Personal Finance Essentials free
online course will empower Canadians to have a better relationship
with their finances
MONTREAL, Nov. 1, 2019 /CNW Telbec/ - To help Canadians
better understand how to manage their personal finances,
McGill University's Desautels Faculty
of Management has collaborated with RBC Future Launch and the Globe
and Mail to increase access to, and deliver personal finance
education to all Canadians across the country for free. The McGill
Personal Finance Essentials program launches today, which marks the
start of financial literacy month in Canada.
The McGill Personal Finance Essentials course is a modular,
online learning experience, available in English and French,
intended to enhance participants' knowledge and skills related to
their own personal finances. Considering that 35% of Canadians
don't save for retirement and that 44% of Canadians live paycheque
to paycheque, the program was designed as a solution to help
Canadians become more financially literate.
"Like health and wellness topics, we believe that everyone has a
fundamental right to be equipped with the financial knowledge
required to navigate daily life and succeed in the long-term," said
Isabelle Bajeux-Besnainou, Dean of McGill
University's Desautels Faculty of Management. "Our faculty
members are excited to come together in this initiative to share
their expertise and help empower Canadians."
"When it comes to making decisions about their finances and
their financial well-being, many Canadians deal with uncertainty
and a lack of confidence" said Neil
McLaughlin, Group Head, Personal & Commercial Banking,
RBC. "By providing the right information and tools to understand
their personal financial situation, we hope to help more Canadians
make sound financial decisions for themselves and their families
now and into the future."
The McGill Personal Finance Essentials course is divided into
eight 15 to 25-minute learning modules, each taught by a
McGill Desautels faculty member. The
entire course may be viewed in approximately two hours.
Modules:
- Introduction to Personal Finance
- Debt & Borrowing
- Your Money: Today & Tomorrow
- Strategic Budget Building
- The Art of Investing, Part 1
- The Art of Investing, Part 2
- The Realities of Real Estate
- Behavioural Finance
Each module is followed by a test to confirm participants'
understanding. Successful completion of all the course modules and
tests will earn participants an attestation of course completion
verifying their personal financial knowledge.
"At The Globe and Mail, we strive to bring readers the best in
Canadian journalism and content in order to help them succeed in
their daily lives," said Sean
Humphrey, Vice-President, Marketing at The Globe and Mail.
"We're proud to collaborate on the McGill Personal Finance
Essentials course, which empowers Canadians' financial
decision-making and financial well-being through access to
accurate, quality information."
RBC Future Launch is a decade-long commitment to help
Canadian youth prepare for the jobs of tomorrow, through skills
development, networking, work experience and increased access to
mental well-being supports and services.
About McGill University's
Desautels Faculty of Management:
Founded in Montreal in 1821, McGill is a leading Canadian
post-secondary institution with 300 programs of study and over
40,000 students from over 150 countries around the world. Since
1906, McGill's Desautels Faculty of Management has continued to be
one of the top management schools in the world, offering programs
at the undergraduate, masters, doctorate, and executive levels. The
Faculty emphasizes the integration of teaching, research and
practice, and applies a multi-disciplinary, holistic approach to
identifying opportunities and solving problems. Find out more.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 86,000+ employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn
more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-sustainability.
About the Globe and Mail
The Globe and Mail is
Canada's foremost news media
company, leading the national discussion and causing policy change
through brave and independent journalism since 1844. With our
award-winning coverage of business, politics and national affairs,
The Globe and Mail newspaper reaches 6.7 million readers every week
in our print or digital formats, and Report on Business magazine
reaches 1.8 million readers in print and digital every issue. Our
investment in innovative data science means that as the world
continues to change, so does The Globe. The Globe and Mail is owned
by Woodbridge, the investment arm
of the Thomson family.
SOURCE RBC ROYAL BANK