Financial Consumer Agency of Canada

Financial Consumer Agency of Canada

June 28, 2011 10:22 ET

The City Contest Winners Revealed!: Three Students Awarded Laptops for Sharpening Their Financial Skills

OTTAWA, ONTARIO--(Marketwire - June 28, 2011) - Today, the Financial Consumer Agency of Canada (FCAC) announced the winners of its latest contest encouraging youth to enrol in The City, an online interactive resource that teaches students money management.

"I would like to congratulate the winners of our contest, students Julia Lussier, Cameron Leake and Jessica Godin. Their new laptops will give them easy access to The City, and help them continue to track and manage their personal finances," said Ursula Menke, FCAC Commissioner. "The City is a great resource that teaches students financial skills that will benefit them now, and in the years to come."

The City was developed by FCAC and the British Columbia Securities Commission in order to help educators teach young people the fundamentals of managing personal finances.

The City teaches money management, through eight characters facing common financial circumstances at different life stages. Students learn the difference between needs and wants, budgeting, managing money, building savings, using credit wisely, the benefits of insurance and avoiding fraud. Learning these lessons in the virtual world helps students to avoid making financial mistakes in the real world.

To be eligible for the contest, students were required to complete four modules of The City and score 100% on a follow-up quiz. The three winners, who are from Bridgetown, Nova Scotia, North York, Ontario and Vernon, British Columbia, were randomly selected from the eligible group.

Simonds High School in Saint John, New Brunswick will receive a SMART Board ™ thanks to teacher Jan Leblanc, who enrolled her class in The City. "The City was a fantastic interactive program for my students," said Leblanc. "They enjoyed working online compared to working in a regular classroom environment."

The City is available free of charge at fcac.gc.ca. FCAC's website also provides other tips and interactive resources for teachers, students and parents.

About FCAC

With educational materials and interactive tools, the Financial Consumer Agency of Canada (FCAC) provides objective information about financial products and services to help Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC informs consumers about their rights and responsibilities when dealing with banks and federally regulated trust, loan and insurance companies. FCAC also makes sure that federally regulated financial institutions, payment card network operators and external complaints bodies comply with legislation and industry commitments intended to protect consumers.

You can reach us through the FCAC Consumer Contact Centre by calling toll-free 1-866-461-3222 (TTY: 613-947-7771 or 1-866-914-6097) or by visiting our website :fcac.gc.ca.

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