CSA Securities

Montréal – The Canadian Securities Administrators (CSA) are pleased to announce that more youth than ever are becoming financially fit, through their participation in the CSA’s "Financial Fitness Challenge."

This year, the CSA invited youth aged 15 to 21 to take part in the interactive on-line challenge from February 4 to 29 to learn more about the importance of saving and investing money for their future. There was a 42 per cent increase from last year in the number of Canadian youth who successfully answered on-line quiz questions and registered to win a scholarship.

Furthermore, while only 53 per cent of youth visiting the Financial Fitness Challenge website were very interested in personal finance before completing the CSA’s online challenge, 74 per cent said they were very interested in personal finance afterwards.

“Part of the CSA’s mandate is to improve the financial literacy of Canada’s youth and we are delighted to note that young people are increasingly interested in money management and investments,” said CSA Chair Jean St-Gelais. “It is especially encouraging that they are becoming more interested in learning about personal finances as they take on the responsibility of earning and handling their own money.”

The website, www.FinancialFitnessChallenge.ca, received 40,793 visits from youth who used the games, tips and other interactive activities - an increase of 18 per cent from 2007.

Teachers across the country were also invited to take the challenge by using the teacher resources on the site in their classrooms. Susan Joy Nowe, a teacher from Colonel Gray High School, in Charlottetown, P.E.I., won the $1,000 grand prize.

The 12 youth winners listed below, who hail from the Canadian provinces and territories, have each won a $750 scholarship by demonstrating their financial fitness savvy by successfully answering the series of on-line quiz questions:

  • Kaylin Fantin (British Columbia)
  • Tong Li (Alberta)
  • Shalisse Slaney (Saskatchewan)
  • Claudia Muller-Moran (Manitoba)
  • Kailey McLeod (Ontario)
  • Sandra Vanessa Ndikumasabo (Québec)
  • Nicole Chiasson (New Brunswick)
  • Raphael Schaefer (Nova Scotia)
  • James Martin (Prince Edward Island)
  • Allison Kelly (Newfoundland and Labrador)
  • Stephen Allison (Northwest Territories)
  • Mariele dePeuter (Nunavut/Yukon)

Although the Financial Fitness Challenge for 2008 is over, the site is accessible year-round, at www.FinancialFitnessChallenge.ca. Youth who didn’t win or missed the contest can look forward to another edition of the CSA contest next year.

The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

— 30 —

For more information:

CSA member name

Point of contact

Phone number

E-mail

Alberta Securities Commission

Mark Dickey

403-297-4481

mark.dickey@seccom.ab.ca

Autorité des marchés financiers

Frédéric Alberro

514-940-2176

frederic.alberro@lautorite.qc.ca

British Columbia Securities Commission

Andrew Poon

604-899-6880

APoon@bcsc.bc.ca

Financial Services Regulation Division, Newfoundland and Labrador

Doug Connolly

709-729-2594

Connolly@gov.nl.ca

Manitoba Securities Commission

Ainsley Cunningham

204-945-4733

aicunningh@gov.mb.ca

New Brunswick Securities Commission

Jane Gillies

506-643-7745

Jane.gillies@nbsc-cvmnb.ca

Nova Scotia Securities Commission

Natalie MacLellan

902-424-8586

maclelnj@gov.ns.ca

Nunavut Securities Registry

Bruce MacAdam

867-975-6586

bmacadam@gov.nu.ca

Office of hte Attorney General, Prince Edward Island

Mark Gallant

902-368-4552

mlgallant@gov.mb.ca

Ontario Securities Commission

Patricia Trott

416-593-8303

www.osc.gov.on.ca This link will open in a new window, (Web site address)

Saskatchewan Financial Services Commission

Barbara Shourounis

306-787-5842

bshourounis@sfsc.gov.sk.ca

Securities Registry Northwest Territories

Donald MacDougall

867-920-8984

donald_macdougall@gov.nt.ca

Yukon Securities Registry

Fred Pretorius

867-667-5225

Fred.Pretorius@gov.yk.ca

Additional news