WEYBURN - The Canadian Foundation for Economic Education (CFEE) and its partner, CIBC, announced the nine finalists in their My Money, My Future: Canadian Financial Education Challenge, including two students from Weyburn.
Over the past six months, youth across Canada were challenged to use their creativity, skills and passion to create new tools and resources to help young Canadians improve their financial knowledge and capabilities.
This is the second year that CIBC has supported the My Money, My Future Challenge. Last year’s winning team was from Ottawa.
The finalists from Weyburn are 16-year-old Sydney Keating and 17-year-old Aimee Jones. Their submission, “Uncertain Values” is a board game that teaches its players how finance their debts, the consequences of making bad financial decisions and the impacts it can have on your mental health.
Their project can be previewed on www.mymoneymyfuturechallenge.ca/
The 2022 finalists will now move on to a national competition where esteemed national judges will decide who wins the generous prizes.
The prizes for the National Challenge are as follows:
First prize is $10,000 towards future education or training – either to winning individual or shared equally among team members; second prize is $5,000 towards future education or training – either to the second place individual or shared equally among team members; and third prize is $2,500 towards future education or training – either to the third place individual or shared equally among team members.
The national judges include:
· Maguy Mourad, Senior Director, Mobile Mortgage Advice, CIBC
· Elizabeth Mulholland, CEO, Prosper Canada
· Judith Robertson, Commissioner, Financial Consumer Agency of Canada
The finalists’ projects will be showcased on Thursday, June 16, 2022, at 12 p.m. ET and the winners announced. Youth, teachers, parents, media and the general public are welcome to attend the one-hour National Showcase that will be broadcast on YouTube and Facebook.
The winning submissions plus many of the regional runners-up will be showcased on the website for use by teachers, parents, and youth to learn about money, develop financial skills, and be better able to build a happy and healthy financial future.
“The Canadian Foundation for Economic Education is delighted to partner with CIBC to provide this extraordinary and creative program – along with incredible prize incentives for participation. This year’s Challenge builds on the momentum from last year and will generate a vast number of youth-created resources to help other youth learn about money – and provide teachers and parents with valuable education tools,” said Gary Rabbior, President, Canadian Foundation for Economic Education.
“We are thrilled to once again partner with CFEE in their ambition to help young Canadians improve their financial literacy," said Carissa Lucreziano, Vice President, Financial and Investment Advice at CIBC. “We look forward to continuing to support young Canadians as they use their creativity to create valuable financial tools that will be an asset to the next generation."
