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

Media relations contacts:

Registrar of Securities
Yukon Territories
Richard Roberts

B.C. Securities Commission
Andrew Poon
1-800-373-6393 (B.C. & Alberta only)

Securities Registry
Northwest Territories
Tony Wong

Alberta Securities Commission
Joni Delaurier

Registrar of Securities
Nunavut Legal Registries
Gary Crowe
Saskatchewan Financial Services Commission, Securities Division
Patti Pacholek
Manitoba Securities Commission
Ainsley Cunningham
1-800-655-5244 (Manitoba only)
Ontario Securities Commission
Perry Quinton
1-877-785-1555 (toll free in Canada)

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

N.B. Securities Administration Branch
Christina Taylor
1-866-933-2222 (New Brunswick only)
Nova Scotia Securities Commission
Scott Peacock
Department of Attorney General
Prince Edward Island
Mark Gallant
Securities Commission of Newfoundland and Labrador
Susan W. Powell