Canadian Financial Literacy Challenge to run again in 2022 with first prize of $ 10,000

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2021 winner featured on the first day of Financial Literacy Month in Canada

TORONTO, November 1, 2021 / CNW / – Canadian Foundation for Economic Education (CFEE) once again partners with CIBC to challenge youth everywhere Canada create new tools and resources to help young Canadians improve their knowledge, skills and financial capabilities.

N / A (CNW Group / Canadian Foundation for Economic Education)

In the second year of the program, My money, my future challenges young people aged 14-18 to apply their creativity, skills and passion to develop new learning resources that will help teach important financial knowledge and skills to other young people. This innovative peer-learning program aims to promote and apply a sense of fun and creativity to an important life skill: financial literacy.

The winners of the very first My Money, My Future challenge were Danika Hindson and Valentina mounzer of Ottawa, Ontario which also won the first prize of $ 10,000. The teens and their entry to the ‘Breadwinner’ challenge are featured on the Financial Consumer Agency of Canada (ACFC) website today.

For the 2022 challenge, young people are again challenged to help improve financial literacy in Canada. Submissions, in English or French, can be a video, song, poem, podcast, booklet, animation, work of art, or any other medium through which young people think they could get involved. and help educate other young people about financial matters. To further support local schools in financial education, CIBC is pleased to offer virtual financial education webinars to interested registrants.

The national My Money, My Future showcase will take place at June 2022 with prizes to be used for future education or training – either to a winning individual or shared equally among team members. The prizes for the National Challenge are: 1st Price: $ 10,000, 2sd Price: $ 5,000, and a 3rd Price $ 2,500.

More information about the challenge, including registration information and videos of past winners, can be found at https://www.mymoneymyfuturechallenge.ca/.

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Gary rabbior, President, Canadian Foundation for Economic Education (CFEE)
“To have an impact on financial literacy, you need to have an engaged learner,” said Gary rabbior, CFS President, “And the My Money My Future Challenge achieves this goal by empowering youth to take an active and creative role in their financial education. of so many young people. “

Carissa Lucreziano, Vice-President, Financial and Investment Advice at CIBC

“We are delighted to be part of an innovative program again to help young people achieve their financial ambitions.

About CFS
CFS is a federally chartered, not-for-profit, non-partisan organization, founded in 1974, that works to improve economic and financial literacy and entrepreneurship. CFS works in collaboration with ministries and departments of education as well as school boards, schools, educators and teacher associations. CFS also engages in activities to support and assist newcomers and former immigrants to Canada, and the general public, including print resources, videos, workshops and online resources. Overall, CFS strives to help Canadians of all ages be better prepared to assume their economic roles, responsibilities and decisions with confidence and competence.

About CIBC
CIBC is a leading financial institution in North America with 10 million personal, corporate, public and institutional clients. CIBC and its team are committed to coming together to help people and communities achieve their ambitions. In 2020, CIBC and its team invested $ 75 million in community organizations across Canada and the United States. Ongoing press releases and more information about CIBC are available at www.cibc.com/en/about-cibc/media-centre.html.

SOURCE Canadian Foundation for Economic Education

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