Friday, March 9, 2018 from 8:00 AM to 4:30 PM EST
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The Faculty Club, University of Toronto 
41 Willcocks St
Main dining room, Main Floor
Toronto, ON M5S 3G3

Driving Directions 


Ayesha Umme-Jihad 
Prosper Canada 

Growing Household Financial Instability
Is income volatility the hidden culprit? 



8:00 am


8:30 am

Andrew J. Kriegler, CEO, Investment Industry Regulatory Organization of Canada (IIROC)

Setting the stage
Liz Mulholland, CEO, Prosper Canada

8:40 am 

Talking to our neighbours: America’s household balance sheets
Presentations followed by question and answer session.

  • Household financial stability and income volatility: Why they matter to the Fed
    Ray Boshara, Director, St. Louis Federal Reserve Center for Household Financial Stability
  • Income volatility: What banking data can tell us, if we ask
    Fiona Grieg, Executive Director, JPMorgan Chase Institute
  • Up close and personal: Findings from the U.S. Financial Diaries
    Rob Levy, Vice President, Financial Health, Center for Financial Services Innovation

9:40 am 

The good, the bad, and the ugly: Canada’s household balance sheets
Presentation by Andrew J. Heisz, Assistant Director, Income Statistics, Statistics Canada

10:10 am 


10:30 am 

Income volatility and its effects in Canada: What do we know?
Presentations followed by question and answer session.

  • Pervasive and profound: The Impact of income volatility on Canadians
    Derek Burleton, Deputy Chief Economist, TD Bank Group
  • Income and expense volatility and their impact on consumer borrowing
    Patrick Ens, Vice President, Product and Marketing Strategy, Capital One
  • Making the invisible visible: Canada’s new Neighbourhood Financial Health Index
    Katherine Scott, Vice President, Policy and Research, Canadian Council on Social Development

11:30 am 

What gets inspected, gets respected: Do we have the data we need to tackle household financial instability?
Moderated panel discussion followed by table discussion:

  • Catherine Van Rompaey, Director, National Economic Accounts Division, Statistics Canada
  • Craig Alexander, Senior Vice-President and Chief Economist, Conference Board of Canada
  • Dr. Jennifer Robson, Assistant Professor, Carleton University

12:30 pm 


1:30 pm

Emerging solutions
Presentations followed by question and answer session.

  • Aspen Institute Solutions Framework
    David Mitchell, Senior Program Manager, Financial Security Program, Aspen Institute
  • Building consumer financial health: Role of financial institutions and fintech
    Rob Levy, Vice President, Financial Health, Center for Financial Services Innovation
  • Retooling income security programs for the 21st century
    Sunil Johal, Policy Director, Mowat Centre
  • New retirement saving solutions for modest income workers
    Jonathan Weisstub, Founder, Common Wealth

3:30 pm 

Where we go from here: Reflections on key takeaways, questions and next steps
Table discussion

4:15 pm 

Closing remarks
Liz Mulholland and Andrew J. Kriegler