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March 4, 2005
For immediate release
2005 Test Your Financial IQ Quiz Launched
Office of the Attorney General
“It is never too early to teach young people about the importance of good money management, savings and investing for the future,” said Attorney General Mildred Dover. “This contest is an important tool in stimulating interest among young people to learn more about why investing knowledge is so important to their future financial well being.”
The contest began on February 21, 2005 and runs until March 21, 2005. Young Canadians who take the TYFIQ quiz and achieve a score of 60 per cent or better will be entered to win a personal digital camcorder. A total of 13 winners will be drawn from this pool (one winner per province and territory) and each winner will be invited to produce his or her own short video promoting the benefits of budgeting, saving and investing. The producer of the winning video will be awarded a $2,000 cash scholarship.
The 13 contest judges will be selected from eligible quiz participants across Canada and each judge will receive a personal DVD player.
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 CSA Web site at www.csa-acvm.ca and the PEI Securities Web site at www.gov.pe.ca/securities.