Brandes Investment Partners is giving ten young Canadians $1,000 each for demonstrating their financial literacy smarts this summer.
The firm offers a post-secondary scholarship program, which runs a national contest each year. This time around, more than 3,500 students between the ages of 16 and 22 voluntarily participated via an online competition.
Read: U.S. high schools eye financial literacy
The winning applicants were selected by four financial experts: Jeremy E. Clark, managing director at Clark Hetherington Financial; Caroline Hanna, investment advisor at National Bank Financial Wealth Management; Don Macfarlane, senior financial advisor at Assante Wealth Management; and Rod Tyler, financial advisor at Tyler and Associates.
There were five victors from Ontario, two from Alberta and B.C., and one from Nova Scotia. To snag the prize, each participant submitted a winning 250-word essay after taking a financial literacy quiz. The quiz tested their attitudes toward money, and they had to analyze the profile created for them at the end in their write-up.
“All of the entries are an inspiration for financial learning. Supporting and introducing programs that foster large-scale financial literacy is a priority,” says Carol Lynde, president & COO of Brandes Canada.