News

It’s no secret that more and more Canadians are struggling financially in the face of Canada’s prolonged affordability crisis. This crisis is further aggravated by U.S. trade actions that are undermining Canada’s economy while fundamentally reshaping our global trading system and threatening to unwind prosperity gains around the world.  According ...

On May 16, 2024, Prosper Canada announced a five-year commitment to advancing financial inclusion and empowerment for Black Canadians. “We have been working to foster financial inclusion and well-being for Canadians with low incomes for many years. However, this commitment marked a pivotal moment - an intentional and sustained effort on our part to address the systemi...

Prosper Canada is dedicated to supporting Black Canadians through the Expanding Financial Empowerment for Black Canadians project. One notable initiative is the work of TAIBU Community Health Centre.About TAIBU TAIBU Community Health Centre serves Black-identifying and racialized individuals in the Greater Toronto Area, providing access to primary care, health promotion, an...

Prosper Canada is excited to announce the partnership with the RBC Foundation in support of the Embedded Financial Coaching project. This initiative builds on evidence in the United States that integrated financial and employment services are more effective at improving both employment and financial outcomes for participants. The Embedded Financial Coaching project was foun...

November is Financial Literacy Month, a time to reflect on the transformative impact financial empowerment efforts can have on the lives of Canadians, and especially those with low incomes. Prosper Canada, alongside our key partners and Financial Empowerment Champions, is proud to lead the charge in ensuring equitable access to financial tools, services, and support. We con...

Today, Canada marks its fourth annual National Day of Truth and Reconciliation. This day  commemorates the survivors and children lost to Canada’s residential school system and invites us to reflect on the many forms of systemic, institutional and personal discrimination that still affect the lives of all Indigenous people in Canada. Reflection alone is not enou...

Income benefits are a crucial lifeline for many people living in Canada yet, each year, over $1.7 billion dollars in income-boosting government benefits go unclaimed in Canada. To help eligible people to increase their income and build financial stability, Prosper Canada developed and launched the Benefits Wayfinder in January 2022 – an easy-to-use, online, benefit scr...

In the excitement surrounding the 2024 Federal Budget, many Canadians may not have noticed a commitment in Chapter 3 that will be a game changer for many low- and moderate-income Canadians who have been hit the hardest by the ongoing affordability crisis.   This commitment outlines a $60 million investment over the next 5 years to expand community-delivered financial ...

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financia...

Board Composition Prosper Canada is governed by a volunteer Board of up to 15 Directors plus the CEO (ex-officio, non-voting). We strive to include members from a variety of backgrounds, sectors, and geographic regions to reflect Canada’s diversity to the greatest extent possible. To view our current Board of Directors, please visit our website at Board of Directors.R...