Wanted Young Canadians with Investment Savvy

first_imgN.S. SECURITIES COMMISSION–Wanted: Young Canadians withInvestment Savvy Canada’s securities regulators are raising the awareness ofinvesting concepts among young Canadians by launching the secondannual Test Your Financial I.Q. Contest. The essay contest’s goal is to encourage Canadians from 14 to 18years of age to learn more about investing. To participate, youngpeople must submit a 500 to 750 word essay in English or Frenchaddressing the theme: It’s your future. So how are you going topay for it? The following guidelines can be used to help create the essay: What are your overall financial goals and how do you expect to reach them? Describe the factors you would consider when saving and investing your money. What kind of financial products would interest you the most and why? Where would you turn for financial advice and information? How would you determine if the advice and information is credible?center_img The contest begins today, Oct. 15, and runs until Feb. 27, 2004.Thirteen provincial and territorial prizes of $750 each will beawarded in April 2004 during Investor Education Month. Thenational grand prize of $2,500 will be announced in May 2004. “Young Canadians are tomorrow’s financial consumers,” saidCanadian Securities Administrators chair Stephen Sibold. “Thiscontest encourages young people to expand their financialknowledge in pursuit of their goals.” Last year’s contest resulted in 400 essay submissions acrossCanada. The national grand prize was awarded to Elizabeth Penner,14, of DeBolt, Alta., whose essay “Spending My Money Wisely”discussed how her saving and investment strategy will help meether personal goals. The CSA, a council of the 13 securities regulators of Canada’sprovinces and territories, co-ordinates and harmonizes regulationfor the Canadian capital markets. In Nova Scotia, the contestrules and entry form are available from the Nova ScotiaSecurities Commission at 902-424-6179.last_img read more