A Free Investment Competition for Teenagers in Canada and the US with $10,000 in Prizes
MONTREAL, Dec. 28, 2020 /CNW Telbec/ – The Young Investors Challenge is pleased to announce its free online investment competition for 13- to 19-year-olds in Canada and the United States launching on January 4, 2021. Using an innovative web and mobile platform developed by three 18-year-old students, participants will have the opportunity to compete for $10,000 worth of cash and prizes risk-free.
Teenagers will have access to a virtual paper portfolio of $100,000 to invest in S&P 500® stocks and ETFs, including Apple (NASD: AAPL), Microsoft (NASD: MSFT), Facebook (NASD: FB), Berkshire Hathaway (NYSE: BRK.A; BRK.B), and Tesla (NASD: TSLA). Participants will compete in challenges focused on portfolio performance and strategy development and will be judged by industry professionals and leaders from prominent organizations in investment banking, wealth management and financial services.
“In this day and age, financial literacy has become crucial for the youth. Our organization focuses on promoting saving and investment practises amongst the younger generation. With the platform we have created for the Challenge, teens will be able to learn the art of finance in a fun and engaging way,” said founders Charles Frédette, Philip Becker and Ryan Dollinger, CEGEP students from Marianopolis College and the Collégial Sainte-Anne.
About the Young Investors Challenge: Founded in 2020, the Young Investors Challenge is a registered Canadian not-for-profit corporation spearheaded by Charles Frédette, Philip Becker and Ryan Dollinger. The organization is backed and funded by the National Bank of Canada, DZD Hardwood, RisingYouth, the Government of Canada, IEX Cloud, and Collège Sainte-Anne.
For more information on the Young Investors Challenge, please contact Charles Frédette at [email protected] or 1 (800) 913-6675 and visit the website at www.yichallenge.com.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
