For Immediate Release
October 15, 2003

Wanted: Young Canadians with Investment Savvy

Calgary – Canada’s securities regulators are raising the awareness of investing concepts among young people by launching the second annual Test Your Financial I.Q. Contest. The essay contest’s goal is to encourage Canadians from 14 to 18 years of age to learn more about investing. To participate, young people must submit a 500- to 750-word essay in English or French answering the following question:

It’s your future. So how are you going to pay for it?

The following guidelines can be used to answer the question:

  • 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?

The contest begins on Oct. 15, 2003 and runs until Feb. 27, 2004. The Canadian Securities Administrators (CSA) will award thirteen provincial and territorial prizes of $750 each in April 2004 during Investor Education Month. The national grand prize of $2,500 will be announced in May 2004.

“Young people are tomorrow’s financial consumers,” says CSA Chair Stephen Sibold. “This contest encourages young people to expand their financial knowledge in pursuit of their goals.”

Last year’s contest resulted in 400 essay submissions across the country. The national grand prize was awarded to Elizabeth Penner, 14, of DeBolt, Alberta whose essay "Spending My Money Wisely" discussed how her saving and investment strategy will allow her to meet her personal goals.

The CSA, a council of the 13 securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. The contest rules and entry form can be found on the websites of the provincial and territorial securities regulators and on the CSA website at www.csa-acvm.ca.

Media relations contacts:

Registrar of Securities
Yukon Territories
Richard Roberts
867-667-5225
Richard.roberts@gov.yk.ca

B.C. Securities Commission
Andrew Poon
604-899-6880
1-800-373-6393 (B.C. & Alberta only)
www.bcsc.bc.ca

Securities Registry
Northwest Territories
Tony Wong
867-873-7490
www.justice.gov.nt.ca

Alberta Securities Commission
Joni Delaurier
403-297-4481
www.albertasecurities.com

Registrar of Securities
Nunavut Legal Registries
Gary Crowe
867-975-6190
GCrowe@gov.nu.ca
Saskatchewan Financial Services Commission, Securities Division
Patti Pacholek
306-787-5871
www.sfsc.gov.sk.ca
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.investorED.ca

Commission des valeurs mobilières du Québec
Barbara Timmins
514-940-2199, ext. 4434
1-800-361-5072 (Québec only)
www.cvmq.com

N.B. 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
Department of Attorney General
Prince Edward Island
Mark Gallant
902-368-4552
www.gov.pe.ca/securities
Securities Commission of Newfoundland and Labrador
Susan W. Powell
709-729-4875
www.gov.nl.ca/scon