This presentation helps to teach Module 33: Macro-Economics: Investigate the role and responsibilities of the Bank of Canada in regulating interest rates in Canada,  research and assess the impact of each stage of the economic life cycle on Saskatchewan and Canadian markets and examine the relationship between economic factors such as interest rates and economic conditions (e.g., recession, depression and bull market) and investment relative to a country’s economic growth.

In this lesson you will learn about how the larger macroeconomic situation impacts every Canadian (market growth/decline, inflation, and domestic and global economic conditions (war, unemployment, labor, international trade). This lesson will explore questions such as: What are key indicators (types of markets, unemployment, inflation, and Gross Domestic Product (GDP)) identifying to a country’s economic performance and how do these affect financial decisions?

In this lesson students will learn about how inflation impacts every Canadian, as it is part of every purchase we require to live: housing, food, clothing, entertainment and more. The calculation of the Consumer Price Index (CPI) is demonstrated through the basket of goods that make up the CPI figures. Knowing about inflation and the impact on financial decisions is very important for students to learn to “stay ahead”; meaning money earned/income needs to equal or be greater than money spent/ expenses, or they will “fall behind” financially. The lesson ends with a demonstration of a single good, calculating the “Big Mac Inflation” and comparing this to all other goods. 

Money Stories is a series of 8 lessons dealing with financial matters of everyday life. The Money Stories Program originated when Elders at the Aboriginal Seniors Resource Centre (in Winnipeg, MB) had the idea that money management training should be taught to Indigenous youth with a focus on Indigenous values, culture, and traditional teachings. The Money Stories Curriculum was then developed and tweaked by current and past SEED Winnipeg Inc. staff.Everyone is welcome to review the Money Stories Curriculum presented here. Note: the attached materials are read-only.  SEED Winnipeg Inc. kindly requests that organizations contact them directly via email or phone to request a printable version of the instructor’s manual and to order printed versions of the workbook (there will be a fee to recover costs for the workbook).  Interested organizations should have like-minded goals and values that support individuals in any of these areas: financial empowerment, education, job readiness, or life skills training.  Someone with facilitation experience is an asset.

In this lesson, you will learn about how larger economic situations impact every Canadian, specifically around employment and jobs. Financial literacy is very interconnected to career planning, education planning, family planning and mental wellness. The impact of these 5 items is circular and unemployment is a very important topic in this whole circle. If someone is unemployed, the economic and financial impact can be devasting (look at what happened when millions lost their jobs during 2020 Covid-19 crisi!)

Free online courses Money Moccasins- momentum presented by Indigenous Financial Empowerment Facilitator Theodora WarriorHealy at https://courses.momentum.org/account/my-courses# You need to sign up to get an account and then work through the courses. The goal of the program is to give participants more confidence when they walk into a bank or talk to a financial advisor. Opening accounts, RRSPs for kids and tax-free savings accounts are just some of the topics discussed. The program uses a combination of storytelling and knowledge sharing that is a common way for indigenous people to learn from each other. In this case they sit together and talk about finances and gain financial empowerment that a lot of people have not had access to before. Participants who attend all five workshops (Assets, Budget, Banking, Credit, and Consumerism) receive a certificate of completion that can be applied to their credit report.

This content covers budgeting and net worth elements that influence financial decisions. Uniquely tailored to Indigenous students’ experiences and histories, Financial Empowerment covers a wide range of topics in financial planning, personal finance, and financial decision-making. Threaded throughout with Indigenous and Canadian content, videos with Elders are also included, offering students their perspectives to enhance the learning experience.