Winners of Financial Education Challenge Announced after Judges Review Submissions from Across Canada. High School students from Quebec, Ontario and Manitoba Take Top Honours winning $17,500.

TORONTO, June 16, 2022 /CNW/ - The Canadian Foundation for Economic Education (CFEE) and its partner CIBC are pleased to announce the winning submissions in today's My Money, My Future: Canadian Financial Education Challenge virtual National Showcase and Awards Ceremony.  The first place winner receives $10,000, second place receives $5,000 and third place wins $2,500. Nine finalists (some individual students and some teams) competed for the top prize after being selected as regional winners earlier in June. These high school students, aged 14-18, were challenged to create new tools and resources to help young Canadians improve their financial knowledge and capabilities.

And the winners are:

First Place:	Laïla Lescot, Sarah Leshob and Elena Feddog - Montreal, Quebec
Second Place:	Dayna Xiao - Kanata, Ontario
Third Place:	Danika Nell - Boissevain, Manitoba

The winning submissions, plus many of the regional runners-up, are showcased at https://www.mymoneymyfuturechallenge.ca/ for use by teachers, parents, and youth to learn about money, develop financial skills, and be better able to build a happy, healthy, financial future.

Regional Winners Announced in Financial Literacy Program in Canada

The Canadian Foundation for Economic Education (CFEE) has partnered with CIBC to create the My Money, My Future: Canadian Financial Education Challenge giving high school-aged youth the opportunity to win a $10,000 top prize.

The Canadian Foundation for Economic Education (CFEE) and its partner, CIBC, today announced the nine (9) finalists in their My Money, My Future: Canadian Financial Education Challenge. 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 2022 finalists will now move on to a national competition where esteemed national judges will decide who wins the generous prizes.

Prizes for the National Challenge are:

1^st Prize:	$10,000 towards future education or training – either to winning individual or shared equally among team members
2^nd Prize:	$5,000 towards future education or training – either to 2^nd place individual or shared equally among team members
3^rd Prize:	$2,500 towards future education or training – either to 3^rd place individual or shared equally among team member

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

Join us on Thursday, June 16, 2022, at 12pm ET where the finalists' projects will be showcased 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. Please register at https://mailchi.mp/cfee/mymoneymyfutureshowcase

And the finalists are:

• Emma Ekemezie - Dartmouth, Nova Scotia
• Adrienne Hemmings - Saint-John, New Brunswick
• Sydney Keating and Aimee Jones - Weyburn, Saskatchewan
• Laïla Lescot, Sarah Leshob and Elena Feddog - Montreal, Quebec
• Kiyan Merali and Kevin Paul - Calgary, Alberta
• Danika Nell - Boissevain, Manitoba
• Tara Onayoade - Brandon, Manitoba
• Dayna Xiao - Kanata, Ontario
• Elizabeth Zou - Vancouver, British Columbia

You can preview their projects on https://www.mymoneymyfuturechallenge.ca/

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." 
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."

About CFEE

CFEE is a federally chartered, non-profit, non-partisan organization, founded in 1974, that works to improve economic and financial literacy and enterprising capability. CFEE works collaboratively with ministries and departments of education along with school boards, schools, educators, and teacher associations. CFEE also engages in activities to support and assist newcomers and past immigrants to Canada, and the general public including print resources, videos, workshops, and online resources. Overall, CFEE aspires to help Canadians of all ages be better prepared to undertake their economic roles, responsibilities, and decisions with confidence and competence.

About CIBC

CIBC is a leading North American financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

SOURCE Canadian Foundation for Economic Education

English: Joseph Clark, CFEE, Tel.: [phone], Cell: 416-893-8772, [email protected]; French: Brian Smith, CFEE, [phone], [email protected]