Canadian youth invited to take part in 'Financial Fitness Challenge' contest

CSA Securities

Montréal - 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 from Feb. 2 to Feb. 28, 2009, uses interactive tools and online simulations to raise awareness of important financial concepts such as budgeting, saving and investing.

“We feel it’s important to educate youth about money matters, especially at an age where they are beginning to earn their own money and save up for their own financial goals,” said Jean St-Gelais, Chair of the CSA and President & Chief Executive Officer of the Autorité des marchés financiers (Québec).

The bilingual contest is open to Canadians  15 to 21. It features exciting interactive activities such as ‘Slapshot Shopping,’ a game where players are given $200 of virtual money to purchase a number of necessities and luxuries. The game uses humour – and the Canadian love affair with hockey – to teach the importance of balancing financial needs versus wants. The contest also features its own Facebook page where youth can exchange ideas and tips about saving and investing.

The quiz, available at, features questions and facts about budgeting, saving and investing, in a format directly focused on the experience of students. Thirteen entries – one from each province and territory – will be randomly selected from eligible quiz participants to win a $750 scholarship.

Teachers are encouraged to use the Challenge as a fun and informative learning tool to support the development of good financial behaviour among their students.

“The modules and worksheets are entertaining and instructional,” said St-Gelais. “In fact, 96% of teachers we surveyed have told us that they plan to use the materials in their classrooms.” Teachers can go to to check out the Teacher Resource Centre, download classroom materials, including complete lesson plans, and enter a contest to win a gift certificate.

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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For more information:

CSA member name

Point of contact

Phone number

Autorité des marchés financiers

Sylvain Théberge

514 940-2176

Alberta Securities Commission

Mark Dickey

403 297-4481

British Columbia Securities Commission

Ken Gracey

604 899-6577

Financial Services Regulation Division, Newfoundland and Labrador

Doug Connolly

709 729-2594

Manitoba Securities Commission

Ainsley Cunningham

204 945-4733

New Brunswick Securities Commission

Wendy Connors-Beckett

506 643-7745

Nova Scotia Securities Commission

Natalie MacLellan

902 424-8586

Nunavut Securities Registry

Louis Arki

867 975-6587

Office of the Attorney General, Prince Edward Island

Mark Gallant

902 368-4552

Ontario Securities Commission

Perry Quinton

416 593-2348

Saskatchewan Financial Services Commission

Barbara Shourounis

306 787-5842

Securities Office, Northwest Territories

Donn MacDougall

867 920-8984

Yukon Securities Registry

Fred Pretorius

867 667-5225

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