May 17, 2004
CSA Awards Test Your Financial I.Q. Grand Prize to a young Quebecer
Calgary – In the second
edition of the Test Your Financial I.Q. contest, Canada's securities regulators
have
awarded a $2,500
prize to a 17 year-old Montrealer for her essay on the importance of saving
and investing wisely at an early age.
In an essay entitled Maître de soi... et de son argent, winner Kim Ma
proposed an ingenious plan which would allow her to save her money and make
it grow. The strategy combined portfolio diversification, a good understanding
of the selected financial products and a realistic analysis of the opportunities
offered by the financial markets, all while taking into account her risk tolerance
and financial goals. “By saving and investing wisely, I have self-control
and, especially, control of my money”, Kim Ma said in the conclusion
of her essay.
The Test Your Financial I.Q. contest aims to make young people aware of the benefits of investing and encourage them to learn about the financial products available on the market. Over 600 Canadians from 14 to 18 years of age participated in this second annual Test Your Financial I.Q. contest.
In addition to the grand prize of $2,500, 12 provincial and territorial prizes of $750 each were awarded to winners throughout the country:
Alberta – Eva Hu
British Columbia – Jocelyn Bootle
Manitoba – Wendy Kwong
New Brunswick – Raphaelle Theriault
Newfoundland & Labrador – Meredith Loveys
Northwest Territories – Matthew Grundy
Nova Scotia – Dominic Daemen
Ontario – Clinton Cairns
PEI – Graham Watts
Québec – Kim Ma
Saskatchewan – Courtney Johnson
Yukon – Helen Booth
The CSA is a council of the 13 securities regulators of Canada's provinces and territories.It coordinates and harmonizes regulation for the Canadian capital markets.
Media relations contacts:
| British Columbia Securities Commission Andrew Poon 604-899-6880 1-800-373-6393 (B.C. & Alberta only) www.bcsc.bc.ca |
Alberta Securities Commission Joni Delaurier 403-297-4481 www.albertasecurities.com |
| Manitoba Securities Commission Ainsley Cunningham 204-945-4733 1-800-655-5244 (Manitoba only) www.msc.gov.mb.ca |
Ontario Securities Commission Perry Quinton 416-593-2348 1-877-785-1555 (toll free in Canada) www.osc.gov.on.ca |
| Autorité des marchés
financiers (AMF) Barbara Timmins 514-940-2176 1-800-361-5072 (Québec only) www.lautorite.qc.ca |
New Brunswick Securities Administration Branch Christina Taylor 506-658-3060 1-866-933-2222 (New Brunswick only) www.investor-info.ca |
| Nova Scotia Securities Commission Scott Peacock 902-424-6179 www.gov.ns.ca/nssc |
Securities Commission of Newfoundland and Labrador Susan W. Powell 709-729-4875 www.gov.nl.ca/scon |
| Northwest Territories Registrar of Securities Tony Wong 867-873-7490 www.justice.gov.nt.ca |
Prince Edward Island Office of the Attorney General Mark Gallant 902-368-4552 www.gov.pe.ca |
| Saskatchewan Financial Services Commission Patti Pacholek (306) 787-5871 www.sfsc.gov.sk.ca |
Yukon Registrar of Securities Richard Roberts (867) 667-5225 |