Launch of Test Your Financial IQ Contest

first_imgYoung people in Nova Scotia will have a chance to win $750 in this year’s Test Your Financial IQ contest during the month of March. The unique online quiz, sponsored by the Canadian Securities Administrators (CSA), will help teach youth about the importance of saving and investing money for their future. Last year almost 700 people between the ages of 15 and 21 participated in the contest in Nova Scotia. “This tells us that young people have a thirst for learning about saving and investing information,” said Chris Pottie, compliance examiner and investor education officer, of the Nova Scotia Securities Commission. The quiz, which is available at www.tyfiq.ca , features questions and facts about budgeting, saving and investing in a format that will appeal to students. Thirteen entries, one from each province and territory, will be randomly selected from eligible quiz participants to win a $750 cash award. Teachers are encouraged to use the quiz as a fun and informative learning tool. They can also download teachers’ resource materials from the website at www.tyfiq.ca/teachers . Teachers may enter a contest for a chance to win a prize worth $100. “The learning tools are entertaining and instructional,” said Ms. Pottie. “I strongly urge teachers to use them.” The Canadian Securities Administrators, a council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. Its mandate is to protect investors from unfair or fraudulent practices through regulation of the securities industry. Part of the protection is educating investors about the risks, responsibilities and rewards of investing.last_img read more

Amid steady rise in rhino poaching and elephant killings UN urges action

Through the new resolution, the Assembly expressed serious concern over the steady rise in the level of rhino poaching and the alarmingly high levels of killings of elephants in Africa, which threaten those species with local extinction and, in some cases, with global extinction.“Illegal wildlife trafficking not only threatens species and ecosystems; it affects the livelihoods of local communities and diminishes touristic attractions. It compromises efforts towards poverty eradication and the achievement of sustainable development,” said Assembly President Sam Kutesa in remarks read by Vice-President Denis Antoine.Adopting a consensus text resolution, the 193-Member body encouraged Governments to adopt effective measures to prevent and counter the serious problem of crimes such as illicit trafficking in wildlife and wildlife products, including flora and fauna and poaching.The resolution suggests “strengthening the legislation necessary for the prevention, investigation and prosecution of such illegal trade, as well as strengthening enforcement and criminal justice responses, acknowledging that the International Consortium on Combating Wildlife Crime can provide valuable technical assistance in this regard.”The General Assembly also calls upon Member States to make illicit trafficking in protected species of wild fauna and flora involving organized criminal groups a “serious crime.”Member States are equally encouraged to harmonize their judicial, legal and administrative regulations to support the exchange of evidence, as well as to establish “national-level inter-agency wildlife crime task forces.”“The adoption of this resolution today and its effective implementation will be crucial in our collective efforts to combat illicit trafficking in wildlife worldwide,” adds the President’s statement. read more