Shopify Selected for the CFA Society Toronto and CFA Society Ottawa's Research Challenge

Ontario universities to compete for place in the local final held in Toronto

TORONTO, Oct. 14, 2016 /CNW/ - Shopify, the leading cloud-based, multichannel Commerce platform designed for small- and medium-sized businesses, has been selected as the company to be researched and analyzed for CFA Society Toronto and CFA Society Ottawa in the local CFA Institute Research Challenge. Ontario university student teams taking part in the local competition will prepare equity research reports on this Canadian (TSX) and American (NYSE) listed company that will be reviewed and scored by financial industry professionals.

"We are pleased to support the CFA Society's efforts in developing the next generation of Canadian finance professionals," said Russ Jones, CFO of Shopify.  "We look forward to working with the contestants as they evaluate Shopify's investment considerations."

The CFA Institute Research Challenge celebrates its 11^th year anniversary this season. It is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company, and each team writes a research report on their assigned company with a buy, sell, or hold recommendation.

Four teams will be chosen to move on to the local finals in Toronto in February 2017. Teams that progress to local, regional and global finals must present and defend their analysis to a panel of industry professionals. Students learn from experienced industry experts and peers from the world's top business schools. This year's competitions culminate in Prague, Czech Republic for the global final in April 2017.

"Last year, we were proud to provide mentorship and guidance for the student team from the University of Waterloo in helping them earn their title as global champions. CFA Society Toronto embraces the opportunity to have local students learn from Shopify Inc, one of Canada's fastest-growing public companies," said Sue Lemon, CEO, CFA Society Toronto.

For more information visit CFA Institute Research Challenge

About CFA Society Toronto
CFA Society Toronto supports the professional and business development of over 9,000 CFA® charterholders in Toronto, making it Canada's largest society of CFA charterholders. We provide members with a local perspective on a global designation, including: educational programs, sponsored events, job postings, quarterly newsletters, a comprehensive affinity program and networking opportunities. A not-for-profit organization, CFA Society Toronto is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst® curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. CFA Society Toronto's members are leaders in ethics in the financial community. For more information, visit www.cfatoronto.ca

CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has over 148,000 members in 158 countries and territories, including 141,000 CFA charterholders, and 147 member societies. For more information, visit www.cfainstitute.org.

Chartered Financial Analyst® and CFA® are registered trademarks owned by CFA Institute.

SOURCE CFA Society Toronto

Media contact CFA Society Toronto: Jonathan Mai, 416.366.5755 Ext. 235, [email protected]