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