Financial Consumer Agency of Canada

Financial Consumer Agency of Canada

March 23, 2011 12:24 ET

New Laptops Make Visiting The City Even Easier!

FCAC announces winners of the first-term contest

OTTAWA, ONTARIO--(Marketwire - March 23, 2011) - Two Alberta students and one from Ontario who participated last fall in a contest organized by the Financial Consumer Agency of Canada (FCAC) that encouraged enrolment in The City, have won laptop computers. The City is an online interactive resource that teaches basic financial skills. Students learn from eight "life stage characters" who face various financial circumstances that young people can relate to. The City is a free, Web-based learning program developed by the Financial Consumer Agency of Canada (FCAC) and the British Columbia Securities Commission (BCSC). In order to qualify to win the laptops, the students had to complete four modules and score 100% on a follow-up quiz. The three winners were then chosen randomly from a draw of all qualified entrants.

"I am very pleased to announce that Alberta's Ciera Hubert from Edmonton and Andrew Pyle from Bragg Creek, as well as Kevin Bilsland from Sharon, Ontario are the lucky winners of The City contest," said Ursula Menke, Commissioner of the Financial Consumer Agency of Canada (FCAC). "By using The City, these students, as well as the other contest participants, had the opportunity to learn about topics that will be important to them for the rest of their lives: the basics of budgeting and savings, banking, loans, investing and overall money management. The new laptops will allow the winners easy access to The City and its tools that can help them to track their finances and start planning for their financial future," she added.

A school in Toronto has a SMART Board™ thanks to the efforts of teacher Clarence Sze-chun Yeung, a math teacher at SATEC@W.A. Porter Collegiate Institute who enrolled his class in The City. "This was the first time I used The City. The students really enjoyed the stories of the online characters, and were hooked on finding out what happened to them. They also learned a lot about managing their own finances," said Yeung.

Another contest is now underway for students and teachers who enrol in The City in the second term. To be eligible, students and teachers in any Canadian province or territory must register and participate in The City before March 31, 2011. The contest rules are available on FCAC's website, or can be obtained by calling the Agency's Consumer Contact Centre toll-free at 1-866-461-3222.

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: www.fcac.gc.ca.

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