Government Services
February 15, 2010
The following is being
distributed at the request of the Canadian Securities
Association:
Canadian Youth Can Win Money through Financial Literacy
in "Financial Fitness Challenge" Contest
Young Canadians are
invited to increase their financial literacy through an
interactive scholarship contest sponsored by the
Canadian Securities Administrators (CSA).
The Financial Fitness
Challenge, which runs February 15 to April 15, uses
interactive tools and online simulations to raise
awareness of important financial concepts such as
budgeting, saving and investing. This year, visitors to
the annual Challenge website -
FinancialFitnessChallenge.ca - will find the site
has a fresh look and many new interactive tools.
"It's important youth
learn about money matters, especially between the ages
of 15 and 21, when they are about to start earning money
and making some of their own financial decisions," said
Jean St-Gelais, Chair of the CSA and President and Chief
Executive Officer of the Autorité des marchés financiers
(Québec). "The Financial Fitness Challenge is a great
way to engage youth in financial education."
The challenge website
features exciting online activities where participants
can compete with their friends or with other youth at a
local and national level. The site also features its own
Facebook page where youth can exchange ideas and tips
about managing money.
While anyone can visit
the site, the bilingual contest itself is open to
Canadians ages 15 to 21 with a quiz featuring financial
literacy questions and facts. Thirteen entries – one
from each province and territory – will be randomly
selected from eligible participants to win a Notebook
computer, and a national grand prize winner will be
granted a $2,000 cash prize.
Teachers are also
encouraged to use the challenge as a fun and informative
learning tool to support the development of good
financial behaviour among their students.
"We encourage youth,
teachers and parents to visit our entertaining and
instructional site," said St-Gelais. "Saving, budgeting
and investing may seem like uninteresting subjects, but
the Financial Fitness Challenge allows participants to
learn, compete and have a good time".
Teachers can go to
FinancialFitnessChallenge.ca/Teachers to check out
the Teacher Resource Centre and download classroom
materials, including complete lesson plans.
The CSA, the council of
securities regulators of Canada's provinces and
territories, coordinates and harmonizes regulation for
the Canadian capital markets.
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Media contacts:
Sylvain Théberge
Autorité des marchés financiers
514-940-2176
|
Wendy
Connors-Beckett
New Brunswick Securities Commission
506 643-7745 |
Ann
Bowman
Ontario Securities Commission
416-593-2348 |
Ainsley Cunningham
Manitoba Securities Commission
204-945-4733
|
Ken
Gracey
British Columbia Securities Commission
604-899-6577 |
Natalie MacLellan
Nova Scotia Securities Commission
902-424-8586
|
Mark Dickey
Alberta Securities Commission
403-297-4481 |
Barbara Shourounis
Saskatchewan Financial Services Commission
306-787-5842
|
Linda Peters
Office of the Attorney General
Prince Edward Island
902-368-4552 |
Doug Connolly
Financial Services Regulation Division
Newfoundland and Labrador
709-729-2594
|
Fred Pretorius
Yukon Securities Office
867-667-5225 |
Louis Arki
Nunavut Securities Office
867-975-6587
|
Donn MacDougall
Securities Office
Northwest Territories
867-920-8984 |
|
2010 02 15
3:00 p.m.
|