Mr. Chair, something I do not think has received enough notice this evening is one part of what the ministers of finance, coming out of the Charlottetown meeting, wanted to discuss further, and that is financial literacy. The finance minister has put in place a task force that will report very soon, hopefully before the end of the year.
We are talking about current issues, and I am sure the minister will share this, being a parent. At what age do we teach our children about financial and economic literacy so they do not fall into the same trap that some people do when they have not prepared for their retirement?
I spoke to an economist at Purdue University last week who suggested that the U.S. research said that we needed to educate these young people in financial and economic literacy between the ages of four and twelve. I was a little surprised by that, seeing as we do not legislate or we cannot get involved in education, which is a provincial matter.
Does the minister have any ideas as to how we can deal with that? How we catch these kids? How can we teach them the value of a credit card, the costs of a credit card, the financial responsibilities that go along with that and the need to prepare for their retirements?