A policy resolution first put forward by a committee of the Sarnia Lambton Chamber of Commerce has become the basis for a pilot project being used to teach high school students the financial skills necessary to succeed in the new global economy.
It was the Economic Policy Development Committee that first proposed the initiative, which was taken up by the Ontario Chamber of Commerce. The committee first envisioned that financial literacy be taught as part of a mandatory Business and Commerce course. The Ontario Chamber had given its nod to the idea in 2013 and again in 2016.
The government’s action to start this pilot project in 28 schools is part of a promise to improve financial literacy education, which is very much aligned with what our Chamber had proposed.
Education Minister Mitzie Hunter, in making the announcement of the pilot project, said students “need to learn how to be resilient and adaptable in a world where the only thing that is constant is change.”
Four different subjects will be part of the pilot project, which involves 28 schools. Those subjects include financial literacy, entrepreneurship skills, digital literacy, and career and life planning. The feedback of teachers will be incorporated into a new curriculum design which will then be implemented across the province in 2018.
The news is also evidence of the impact the local Chamber has on improving the competitiveness of business, said President & CEO Shirley de Silva, congratulating those who worked on this file. “We’re rightly very proud of what our members do and this is certainly a great moment to remind ourselves of how we make an impact on an ongoing basis. This is proof positive that good ideas, especially those as impactful as this one, are worth pursuing.”
The Chamber welcomed the Minister’s announcement in this letter sent on April 4, 2017.