Junior Achievement of Central Ontario

Junior Achievement of Central Ontario

February 04, 2010 13:29 ET

Student Stock Market Challenge: Can You Conquer the Market?

Student teams compete for highest net worth at Junior Achievement Stock Market Challenge

TORONTO, ONTARIO--(Marketwire - Feb. 4, 2010) -

Editors Note: There is a photo associated with this press release.

On February 11, 2010, more than 120 students from local high schools will get a taste of the fast-paced, high-stakes equities market during the 9th Annual Stock Market Challenge hosted by Junior Achievement of Central Ontario and TMX Group.

Using state-of-the-art wireless technology in a realistic trading environment, 30 student teams will buy and sell fictitious companies' shares, aiming to build the highest value portfolio by the end of the trading period.

The event provides hands-on opportunity for students to learn how the equities market operates and how to invest in and trade on the stock market. Teams of 4 compete on a simulated stock trading floor for 60 trading days and a new trading day begins every 80 seconds! They will purchase and sell stocks as they rise and fall, and at the end of day 60, the team with the highest portfolio will be the big winner.

"This year's Stock Market Challenge will bring JA students from across the region to the heart of Toronto's financial district for this exciting event" said Jeff Good, President and CEO, Junior Achievement of Central Ontario. "Our goal is to teach investment and money management principles from a young age in light of the economy we are currently experiencing". Kimberley Muise, Director of Content and Web Properties at TMX Group and Co-chair for the Stock Market Challenge event committee, said: "we are very proud of our sponsors' generous contributions and are equally proud to participate and host this event at our facilities". 

In the evening, the Stock Market Challenge fundraiser will then pit over 30 corporate teams against each other in fierce competition for the top portfolio at the end of the last trading day. Bryan Snelson, financial advisor for JAZZ.FM91 and author of Financial First Aid and Portfolio First Aid, will MC the event.

The goal is to raise $120,000 toward the delivery of Junior Achievement Middle School Programs - Dollars with Sense and Economics for Success - to grade 7 and 8 students throughout Toronto, Peel, Halton, Durham, York and Simcoe.

Dollars with Sense (grade 7) is an interactive program that provides students with personal money management skills and challenges them to apply these concepts in their own life. This newly revised program equips students with the financial literacy skills necessary to make informed decisions about their finances today and set goals for their financial future.

Economics for Success (grade 8) encourages students to reflect on the advantages of remaining in school until they have acquired the knowledge, attitude and skills to undertake the longer-term goal of a successful career. Students develop a positive attitude towards education by focusing on the key concepts of success, independence, opportunity, and futures.

Event sponsors for the 9th Annual Stock Market Challenge included TMX Group, TMXmoney.com, Capital One, Vale Inco, iShares, CGI, BMO Financial Group, Davis + Henderson, KPMG, Scotiabank and CDS.

Interview and Photo Opportunity for Stock Market Challenge February 11, 2010:

9.00am Toronto Stock Exchange Market Open Reception for Event Sponsors
9:25am Toronto Stock Exchange Market Open for Event Sponsors
11:15am Student Stock Market Challenge ringing of the Bell
5:30pm – 9pm Corporate Stock Market Challenge
   
Place: TMX Broadcast Centre and Gallery, TMX Reception Area at Street Level
  The Exchange Tower, 130 King Street West

About Junior Achievement

Junior Achievement is the world's largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for students which focus on three key content areas: work readiness, entrepreneurship and financial literacy. JA's programs reach over 9 million students in over 100 countries each year because of the dedication and commitment of volunteers from the business community. Junior Achievement of Central Ontario is the largest of Canada's charters has strong alliances with local school boards and business partners and will reach over 83,000 students this year in Toronto, Peel, Halton, Durham, York and Simcoe regions. For more information about Junior Achievement of Central Ontario, please visit our website www.jacentralontario.org.

To view the photo associated with this press release, please visit the following link:

http://www.marketwire.com/library/20100204-JA_SMC_3_800.jpg 

Contact Information

  • For more information, to RSVP for the event or
    to schedule an interview, please contact:
    Rennick Hoppe & Associates
    Lee Rennick
    416-802-3574
    lrennick@rharms.com

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