April 14, 2009
SAINT JOHN (CNB) - The New Brunswick scholarship winner in the Canadian Securities Administrator's Financial Fitness Challenge is Saint John resident Rosalinda Kan. Rosalinda is a Grade 12 student at Saint John High School, and a diploma student in the international baccalaureate program.
"What I liked best about the Financial Fitness Challenge was just learning about the importance of saving money," said Rosalinda.
Canadians aged 15 to 21 were invited in February to take part in the interactive, online challenge that teaches youth about the importance of saving and investing for their future. Students who successfully completed it had a chance to win a $750 scholarship.
Rosalinda was not alone in being interested in learning more about financial matters. In New Brunswick, 673 students successfully completed the challenge and registered to win.
Results of a survey done after students took the challenge showed that while only 30 per cent of participants were very interested in personal finance before completing the online challenger, that number rose to 62 per cent afterward. The survey also showed that more than 90 per cent of participants indicated that after taking the challenge they know more about how to budget, save and invest, and 95 per cent indicated that they have a heightened awareness of how to be financially healthy.
"A key part of our education strategy is to develop and encourage financial proficiency for New Brunswickers, with a particular emphasis on the needs of the young people in our province," said Donne Smith, chair and CEO of the New Brunswick Securities Commission. "We are pleased to present this scholarship to Rosalinda. We are heartened to witness the level of interest of young people in our province who are increasing their knowledge about money management and investments by participating in challenges such as this."
The contest has closed, but the Financial Fitness Challenge website will remain active year-round. Those who didn't win or who missed the contest can look forward to another edition next year.
New Brunswickers are encouraged to visit the New Brunswick Securities Commission website for access to additional educational tools and resources.
MEDIA CONTACT: Michelle Robichaud, communications officer, New Brunswick Securities Commission, 506-643-7045, or 1-866-933-2222, or e-mail: Michelle.Robichaud@nbsc-cvmnb.ca.