
Ontario Securities Commission invests $5.4M in Prosper Canada to expand financial empowerment for Ontarians with low incomes
This initiative will expand access to tailored financial empowerment supports that enable people to set and achieve financial goals, build financial stability, and become informed investors. It will also include a strong focus on Indigenous inclusion, co-developing financial wellness programs designed to meet the unique needs of First Nation communities in northern Ontario.
This investment builds on the success of a previous funding agreement that enabled Prosper Canada to train over 900 community organizations, create new investor education resources accessed over 20,000 times, and support more than 3,000 Ontarians to improve their financial well-being – 2,000 of whom achieved specific financial goals. Despite this success, significant service gaps remain for those facing systemic barriers to accessing financial help and protection.
"We've seen first-hand the impact that access to accurate, timely financial empowerment supports can have on people's lives," said Elizabeth Mulholland, CEO of Prosper Canada. "The OSC's continued investment enables us to expand this critical work, particularly for Indigenous and marginalized communities, helping more Ontarians protect themselves from financial fraud, build security, and invest in their futures."
With this new investment, Prosper Canada, together with our Ontario community partners –Sudbury Community Services Centre, Thunder Bay Counselling, EBO Financial Education Centre, West Neighbourhood House, and Building Up – and our national Indigenous partner, AFOA Canada, will:
Scale up tailored consumer and investor education training and resources for low- and modest-income individuals, including targeted support for First Nation community members receiving lump-sum settlement payments;
Strengthen and expand financial counselling and coaching delivered through community organizations;
Collaborate with interested First Nation communities in northern Ontario to co-develop and deliver a suite of culturally appropriate financial wellness supports to First Nation community members.
This investment comes at a crucial time, as affordability challenges persist and large-scale compensation for First Nations individuals presents both unprecedented opportunity and increased risk of financial predation. Prosper Canada's expanded efforts will help ensure Ontarians with low incomes have access to trusted, relevant, and effective financial help.
Prosper Canada is a national charity dedicated to expanding economic opportunity for Canadians living in poverty through program and policy innovation. As Canada's leading champion of financial empowerment, Prosper works with governments, businesses, and community organizations to develop and promote financial policies, programs, and resources that transform lives and foster the prosperity of all Canadians.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
5 hours ago
- Cision Canada
JBO Thailand Launches Esports World Cup Promotion with Rewards Up to 30,000 Jcoin
BANGKOK, July 27, 2025 /CNW/ -- JBO, a well-established online gaming and entertainment platform, is pleased to announce an exciting new promotion tailored for the highly anticipated Esports World Cup 2025. Esports enthusiasts in Thailand now have a compelling opportunity to win up to 30,000 Jcoin by placing wagers on the thrilling "World Cup Qualifiers" matches. This shows JBO Thailand's commitment to giving great value and fun experiences to all its players. This exclusive event is ongoing and will conclude on August 24, 2025, at 23:59 (GMT+8). This period strategically aligns with the intensified global esports calendar, leading up to the Esports World Cup and its critical qualifying rounds. JBO Thailand is actively creating an immersive environment that allows fans to engage more deeply with preferred teams and competitive events. Participation in the promotion is straightforward. Players are simply required to place bets on eligible "Esports World Cup Qualifiers" matches through JBO's designated esports betting providers, IM Esports and TF Esports. The promotion is conveniently accessible via the "Reward Corner" section on the JBO platform, ensuring a seamless and intuitive user experience for all participants. At the core of this attractive offer is JBO's innovative Jcoin reward system. Players who log in to JBO and achieve a weekly turnover exceeding 3,000 in the Esports category will automatically qualify for Jcoin rewards. The reward system gives bigger prizes as you play more, with up to 30,000 Jcoin available each week. JBO also ensures a smooth and secure experience through the easy-to-use JBO app available for both Android and iOS devices. With fast withdrawals and smooth gameplay, the platform is ideal for esports fans to enjoy and earn real rewards. JBO is trusted across Asia and has Dimitar Berbatov as its brand ambassador, showing it as a top sportsbook and esports operator. JBO or Just Bet Online, is a trusted online gaming website that started in 2019 catering Thailand users. Players can bet on popular games like DOTA 2, CS:GO, and ROV, or enjoy fun slot machines and real-time casino tables. It also hosts fun events such as the JBO Thailand Super Cup engaging football fans.


Cision Canada
5 hours ago
- Cision Canada
Media Advisory - Monday, July 28, 2025 Français
OTTAWA, ON, July 27, 2025 /CNW/ - Note: All times local Prince County, Prince Edward Island 10:30 a.m. The Prime Minister will announce new measures to lower costs for Canadians. A media availability will follow. Note for media: Open coverage This document is also available at


CBC
17 hours ago
- CBC
Big Bank upsell update; more Buy Canadian complaints investigated: CBC's Marketplace cheat sheet
Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. A Marketplace story update After CBC Marketplace's investigation into big banks upselling customers on products they didn't need, the Ontario Securities Commission (OSC) sent out a survey to nearly 3,000 mutual fund dealers at the five largest banks in Canada. This review was prompted by a public report of potential investor harm due to alleged high-pressure sales practices at Canadian bank branches. What they found won't surprise Marketplace viewers: a quarter of respondents said that clients had been recommended products or services that are not in their interest at least "sometimes," while one-third said that clients had been provided with incorrect information about the products and services being recommended to them. Grant Vingoe, CEO of the OSC, added that "while it's clear many bank representatives are prioritizing quality advice, it is also clear that sales pressures and incentivization may be driving concerning behaviours." Read more of the OSC's survey results here. CBC investigation finds some big grocers promoting imported food with Canadian branding Some grocers promoting imported food as Canadian, CBC News finds 3 days ago Like many shoppers these days, Stacey Dineen, who lives just outside Kitchener, Ont., is all-in on the buy Canadian movement. "Trump's comments about annexing Canada, wanting to make us part of the United States, boy, that really kind of lit something," she said. Dineen buys Canadian food whenever she can. When she can't, she looks for imported products from outside the United States. Canada's major grocery chains have jumped on the trend, running patriotic ads and pledging to help shoppers buy Canadian. But Dineen says she gets frustrated when grocers provide conflicting information about where a product comes from. Last week, for example, she saw organic broccoli at her local Sobeys grocery store. A sign stated it was a "product of Canada," but the fine print on the tag said "produce of USA." "It makes me feel misled," said Dineen. "At this point, I have run out of patience for it. It feels — at the very least, it's careless." New data from the Canadian Food Inspection Agency (CFIA) and a CBC News investigation suggests country-of-origin mislabelling by grocers is an ongoing problem. It's also against the rules; in-store food signage must be accurate and not misleading. The CFIA, Canada's food regulator, told CBC News that between November 2024 and mid-July, it received 97 complaints related to country-of-origin claims. Of the 91 complaints investigated so far, the CFIA found companies violated the rules in 29 of the cases, or roughly 32 per cent. Most involved bulk produce sold in stores, and in each case the problem was fixed, according to the agency. Read more from CBC's Sophia Harris. CBC Marketplace analyzed the price history of some quintessentially Canadian products as the hype around buying Canadian grew. Check out our reporting from earlier this year. Sydney woman, 85, 'ached all over' from climbing stairs after airline didn't supply ramp When Carol Rogers's daughter booked the Cape Breton senior a trip to visit family in Alberta in May, she requested the airline operating out of Sydney, N.S., provide assistance to her 85-year-old mother, who relies on a walker because of arthritic knees. But when Rogers — who's been told by her doctor to stop climbing stairs — arrived at the Sydney airport for her flight with Pascan Aviation, there was no wheelchair ramp or lift available, and no ramp when she disembarked in Halifax, either. "It took me about 10 days to get over the effects of climbing and descending those stairs," said Rogers in an interview. "I wasn't very happy. My body ached all over. It was imperative that I get to Halifax to make my connection, so I climbed." Rogers and her daughter called both airlines prior to her trip home to again request a ramp be made available. Rogers said she was assured by Pascan that a ramp would be in place when she returned to Sydney from her month-long visit. When she landed in Sydney, however, no ramp was in sight. Pascan told CBC News it instead offered to carry Rogers down the stairs in what's known as a Washington chair — a smaller, narrower wheelchair used on aircraft. "When I got to the door, there was no ramp and I looked around and they said, 'That's OK, we're going to take you down this way,'" said Rogers, adding she was then strapped down with "restraints around my chest and legs." Feeling panicked at the idea of being carried down the stairs while strapped to a chair, she decided to walk down the steps to a waiting wheelchair. She described the experience as being subjected to "indignation" and "humiliation." Read more from CBC's Erin Pottie. More Canadians may be thinking of a staycation this summer. But has domestic travel become unaffordable? Whether you're camping under the stars, jumping off the dock at a lakeside cottage, strolling the coast or exploring a new city, there's arguably nothing better than a summer vacation in Canada. Assuming, of course, you can afford it. From accommodations to flights, Canadians may be noticing higher prices on domestic travel this season. And that's in part because of increased demand, say industry experts who note more Canadians are opting for summer trips at home instead of travelling to the U.S. "Canadians are increasingly travelling within Canada," said Frédéric Dimanche, a professor in the Ted Rogers School of Hospitality and Tourism Management at Toronto Metropolitan University. And given that the industry is still recovering from losses incurred during the COVID-19 pandemic, combined with inflation, the increased cost of operations, and now, increased demand, this translates into higher prices for consumers — especially in urban centres, Dimanche told CBC News. "Airlines do this all the time. Hoteliers do this all the time. If there is increased demand, prices are likely to go up." For some would-be travellers, the cost is prohibitive or simply too high to justify. What else is going on? Is Canada-U.S. free trade dead? North American free trade is teetering on the edge of uncertainty as U.S. President Donald Trump's tariffs continue to complicate how goods come and go. Andrew Chang explores signs that free trade — as we've come to know it — is on its way out, and challenges that may lie ahead in renegotiating the Canada-U.S.-Mexico Agreement (CUSMA). The fan received a full refund from StubHub and free tickets from Blue Jays after CBC reached out about the ordeal. Marketplace needs your help! Whether you live in St. John's, Victoria or anywhere in between, everyone's got traffic trouble, and we all think we've got it the worst. So we're looking for your traffic tribulations. Email us at marketplace@ and tell us why your commute is the worst. It could be a road that's always under construction, an intersection that's always gummed up or your full commute from start to finish. Be local and as specific as you can — we want to get into the nitty-gritty of the roadways in your life that drive you crazy. Your submission could be crowned Canada's worst commute and could be featured on an upcoming episode of Marketplace. What's your sun care story? Whether you've found the perfect sunscreen or you're still searching, we want to hear what works for you (and what doesn't). Email us at marketplace@ and give us the "glow-down" on how you are staying sun safe!