A piece of news just popped into my inbox that I thought might be of interest. Federal Finance Minister Jim Flaherty announced today the creation of a Task Force on Financial Literacy, as originally promised in the 2009 federal budget.

“Whether it is a question of saving for retirement, financing a new home or balancing the family chequebook, improving the financial literacy of Canadians will add to the stability of our financial system and make our economy stronger,” Flaherty said.

The first job of the task force will be to talk to Canadians about the current state of financial literacy. The task force will also identify best practices in other countries. Given the state of the economy, I think this could only benefit Canadians.

A report will be delivered to Minister Flaherty in late 2010. You can keep updated on the progress of the task force by visiting: www.financialliteracyinCanada.com