The Economic Club of Canada

The Economic Club of Canada

September 04, 2015 17:13 ET

Teens Pitch Ideas to Business Leaders for Bragging Rights and Scholarships

TORONTO, ONTARIO--(Marketwired - Sept. 4, 2015) -

Editors Note: There are two photos associated with this press release.

Today the Jr. Economic Club of Canada (Jr. EC) celebrated the culmination of its third annual "Bay Street Boot Camp," a five-day financial literacy course and entrepreneurial challenge that brought 50 students to the heart of the financial district. Students, giving up their last week of summer freedom, hailed from across the GTA, Rama First Nation and Wikwemikong, and Iqaluit, Nunavut.

The final day of Bay Street Boot Camp began with a tradeshow where 25 student groups pitched their ideas to business executives serving as judges or "Mega Minds." The Mega Minds selected the businesses they would "invest" in, determining who would advance to the final round. The top six groups then pitched their business ideas to a panel of expert "Mega Minds."

Fundata provided the grand prize of $10,000 in scholarship money that was awarded to the winning team comprised of Katie Devereaux (Iqaluit, NU), Caitlin Chua and Sahhara Leckie (both of Toronto, ON). Second place winners were awarded $4,000 and third place winners, $1,000 donated by The Investment Funds Institute of Canada (IFIC), in addition to its overall sponsorship of Bay Street Boot Camp.

The "Mega Mind" panel included: Mike French, Senior Vice President, Finance and Chief Operating Officer, TD Bank Group; Tom Reid, Senior Vice President, Group Retirement Services, Sun Life Financial; Jan Dymond, Director of Public Affairs, IFIC; Doug DeRabbie, Director, Government Relations, Insurance Bureau of Canada; Janny Vincent, President and CEO, Fundata Canada Inc.; Brooke Biscoe, Vice President, Business Development, Fundata Canada Inc.; Bert van der Stege, Vice President, First Air; and Carla Hindman, Director, Financial Education, VISA Canada.

The week-long program exposed students to a variety subjects including basic finance and personal money management, bullying, stress management, and developing a professional personal brand.

First Air and Porter Airlines each played a role in bringing youth from Iqaluit, Nunavut to participate. "First Air is actively contributing to Canada's Northern economy," said Bert van der Stege, Vice President Commercial of First Air. "We will soon need the leaders of tomorrow and are proud to have students from the North participating in this Jr. Economic Club of Canada Boot Camp."

Winners Katie, Caitlin and Sahhara successfully pitched "Box homes," a social enterprise offering affordable community housing made solely out of refurbished shipping containers.

"At TD, we know that today's students are tomorrow's leaders," said Mike French, Senior Vice President, Finance and Chief Operating Officer at TD Bank Group. "Boot Camp helps set students up for success by getting them thinking about their goals for the year ahead and beyond."

"One of CPA Ontario's key mandates is to inform young people about the great careers available in the world of business, so we're excited to support initiatives like the Jr. Economic Club of Canada's Boot Camp," said Carol Wilding, FCPA, FCA, the President and CEO of CPA Ontario. "These young people have enjoyed an eventful- and information-packed week that will help them set personal financial and career goals for the rest of their lives."

"Each year, I leave Boot Camp impressed by the knowledge, maturity and creativity of the students I meet, and excited for their futures," said Jan Dymond of IFIC. "All of the participants in this week's program are winners - taking home valuable experiences and financial knowledge that will serve them well for years to come. IFIC and its members are proud to be a partner in this important program."

For more information about Bay Street Boot Camp program, go to www.EconomicClub.ca, and follow us on Twitter at @ECofCanada.

About the Jr. EC

President and CEO of the Economic Club of Canada, Rhiannon Traill, created the Jr. EC in 2011 with the goal of encouraging young Canadians to become financially literate. Over the last four years the Jr. EC has accepted over 6,500 high school students and has given out over $65,000 in academic scholarships.

To view the photos associated with this press release, please visit the following links:

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