Latest news with #ProsperCanada
Cision Canada
22-07-2025
- Business
- Cision Canada
Ontario Securities Commission invests $5.4M in Prosper Canada to expand financial empowerment for Ontarians with low incomes
TORONTO, July 22, 2025 /CNW/ - Prosper Canada is pleased to announce that the Ontario Securities Commission (OSC) is investing up to $5.4 million over the next three years in its work to help close persistent gaps in financial information, resources, and coaching for Ontarians living with low and moderate 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.
Cision Canada
25-06-2025
- Business
- Cision Canada
OSC provides 3-year funding to Prosper Canada
TORONTO, June 25, 2025 /CNW/ - The Ontario Securities Commission (OSC) is announcing it will provide multi-year funding of up to $5.4-million to Prosper Canada to support projects that provide investor education, as well as to strengthen financial coaching services. is a national charity dedicated to expanding economic opportunity for Canadians living in poverty through program and policy innovation. "Prosper Canada champions financial literacy and empowerment through education, research and outreach," said Grant Vingoe, OSC CEO. "By providing funding to Prosper Canada, we are investing in Ontarians and ensuring they have access to the resources and support to navigate the complexities of the financial landscape." The $5.4-million funding will be allocated over a period of three years. The funding will be used by Prosper Canada to support the provision of tailored financial education and counselling to Ontarians living on low and moderate incomes, and to work with Indigenous community partner organizations to develop tailored financial resources and support that meets the unique needs of Indigenous community members. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at
