CATA Jump Starts federal Pre Election Advocacy for Advancing Canada’s Competitive Innovation agenda, tabling a group of E-Petitions, Op-Eds, Legislative Briefs, Surveys, and Video Commentaries designed to stimulate pre federal election thought leadership conversations for advancing Canada’s competitive innovation rankings.
Ottawa, ON…CATAAlliance, Canada’s One Voice for Innovation lobby group has added financial literacy as a core policy plank for its Competitive Innovation Nation Campaign designed to advance Canada’s innovation and competitiveness rankings.
This new plank in the CATA policy platform compliments CATA’s efforts to help industry compete and grow effectively. See the full policy list here: https://cata.ca/advocacy/
Financial literacy is commonly defined as “the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.”
According to one of Canada’s most successful technology innovators, Terry Matthews, who is founder & Chair, Wesley Clover International, Chair, Mitel & CATAAlliance Spokesperson, “ The lack of financial literacy is one of the top problems affecting all segments of society and the economic future of Canada, including our ability to support safety nets in times of downturn.”
In an Op-Ed, Waters Starting to Rise, Canada’s Bad Balance Sheets, CATAAlliance pointed out that:
In regard to recent federal budgets, CATAAlliance was among the groups questioning the government’s management of financial resources. In general, governments have failed as leaders in financial literacy and the nation will pay a price in future years for that failure.
CATA CEO, John Reid noted, “Simply put, we are over leveraged in Canada. We need to have leadership and role models who champion strengthening all balance sheets in Canada, whether it’s you or I in debt situations, whether it’s the provinces, or whether it’s the federal government, because you cannot sustain a social envelope without a strong economic envelope.”
Reid concluded, “Fostering financial literacy education and encouraging all Canadians to build strong balance sheets will strengthen our economy and that will advance the mission of advancing Canada’s global innovation and competitiveness rankings.”
The Canadian Advanced Technology Alliance (CATAAlliance), Canada’s One Voice for Innovation Lobby Group, crowdsources ideas and guidance from thousands of opt in members in moderated social networks in Canada and key global markets. Supported by evidence-based research, CATAAlliance then mobilizes the community behind public policy recommendations designed to boost Canada’s innovation and competitiveness success.