
SAF, with the generous support of SagenTM, is partnering with high school teachers to offer students the opportunity to build confidence and competence in making financial decisions as they prepare for a healthy financial future. We offer supports and resources that can be used inside or outside the classroom to enhance students’ knowledge of important financial topics in the areas of banking, investments, credit, income management and budgeting, economics, accounting, home ownership, ethics and fraud awareness and post-secondary education financing.
Students and teachers looking for a challenge can use our resources to prepare for the Financial Literacy Competition (FLC), a comprehensive and challenging competition experience that takes place twice per school year in December and May. See further details below.
Competition Dates: December 7-11, 2020 and May 10-14, 2021
Delivery: In class, online using the Mobius platform by DigitalEd. Students must participate under the supervision of a teacher; however, for this year only, that participation can be from home or from the classroom. Proctor controls will be used to control the release of the competition to limit integrity concerns. Where possible, we ask that students compete from school, but they will not be penalized if they are unable to due to COVID-19 restrictions.
Eligibility: Open to ALL grade 9, 10 and 11 students (current or previous enrollment in a business course is recommended but not required). NOTE: Students cannot register directly for the competition. All registrations must be done with the support of a teacher. Grade 12 students who had planned to write the competition in May 2020 (as Grade 11 students) are eligible to write this year.
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Awards and recognition: Each participating school will receive a list of their individual student participants by level (see contest rules, terms and conditions for an explantion of the levels). Individual student and school scores and rankings will not be provided. Schools must have a minimum of 10 eligible participants to be considered for the School Honour Roll. All eligible participants will receive a leveled Certificate of Achievement and the top scoring students will be awarded prizes (a minimum number of questions must be attempted to be eligible for prizes and recognition, including certificates). Students are eligible for prizes and recognition on their first attempt at the FLC only.
Please review the complete description of contest rules, terms and conditions.
Visit https://uwsaf.mobius.cloud to start exploring our resources.
Questions about Financial Literacy in the Classroom and the Financial Literacy Competition? Email saf-flc@uwaterloo.ca.
Background
In response to the 2010 Ministry of Education Working Group on Financial Literacy report that identified the importance of financial literacy education in supporting the success of all students, the School of Accounting and Finance (SAF) has established the Financial Literacy Competition to assist in educating and promoting financial responsibility.
This is an exciting opportunity for secondary school teachers to engage their students to test and challenge their knowledge in personal finance and wealth management, as well as generating interest in furthering their studies in the areas of accounting, finance, and business. The FLC:
- provides an incentive for secondary school students to learn more about personal and business finance
- assists secondary schools in delivering and integrating financial literacy education into the Ontario curriculum
- fosters the interest of secondary school students in the disciplines of finance, accounting, and business
- creates a talented pool of secondary school students who will be confident in their financial security and well-being in dealing with an increasingly complex world of finance
About the FLC
Financial Literacy in the Classroom and the Financial Literacy Competition (FLC) have been developed in collaboration with Business Studies teachers within the Waterloo Region and Waterloo Catholic District school boards. We offer resources for students and teachers looking to explore financial literacy topics within the classroom or on their own as well as resources for those looking to challenge themselves by participating in the FLC. The FLC is offered to Grade 9, 10 and 11 students enrolled in high schools across Canada (excluding Quebec).
Our open resources include:
- EXPLORE - a resource site to explore financial literacy topics. Here you'll find 2 self-guided budget activities designed to get students engaged in planning their financial futures and a mini-lesson on the Bank of Canada. We are working to develop additional mini-lessons on a variety of financial literacy topics, so check back often.
- PRACTICE - a site with lots of practice opportunities to learn more and test a student's knowlege on a variety of financial literacy topics. Here you'll find introductory quizzes covering most of the topic areas noted below. Our quizzes offer instant feedback with the “How did I do” function so that your students can check their progress or explore that particular topic a bit further.
- EDUCATORS - we're working on expanding resources for teachers.
For students/classes/clubs interested in challenging the FLC:
- teachers can register to obtain access to our competition site.
- additional resources to help students prepare for the competition are provided upon registration.
- the FLC will be made available online on the day(s) of the competition.
Content of contest
The competition contains 60 questions (primarily multiple choice, short answer and sort/match/rank) covering a wide variety of financial literacy topics in the following areas:
- Income Management & Budgeting
- Banking
- Investing
- Credit
- Economics
- Accounting
- Home ownership
- Post-secondary education financing
- Financial ethics & safety
Whether you’re teaching an introductory business course or covering financial literacy topics in other courses, our resources are available to enhance and support learning both inside and outside the classroom. Don’t have a related course? Consider starting an FLC club to provide students with a challenging extra-curricular activity to develop and test their financial know-how.
Start exploring our open resources by visiting
https://uwsaf.mobius.cloud. Although we welcome and encourage student participation in our competition, our open resources are available to explore at any time with no obligation to register for our competition.
December 2020 Financial Literacy Competition Winners
Congratulations to the student winners!
We are excited to publicly announce the results of the December 2020 Financial Literacy Competition.
We hosted 300 students from 27 different schools in Ontario and Saskatchewan. Thanks to the teachers at these schools who made this opportunity possible, despite the challenges of COVID-19.
Students competed in one of two categories; junior (grades 9 & 10) and senior (grades 11 & 12) and an honour roll of students was recognized at each grade level, each the recipient of a $75 gift card.
Grade 9 Honour Roll
Aditi Kansal
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Bishop Reding Catholic High School
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Teacher: Margaret Innes-Murphy
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Hooman Reza Nezhad
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Nehil Shaikh
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Christian Anderson
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Lucas Morrison
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St. Brother Andre Catholic High School
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Teacher: Joan Osawe
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Laura Lengyel
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Kaitlin Ip
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Markham District High School
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Teacher: Christina Lovell
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Zoey Lederman
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Anderson Walker
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Humberview Secondary School
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Teacher: Adriana Snell
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Lucksana Sivakumar
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Markham District High School
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Teacher: Christina Lovell
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Tommy Yu
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Town Centre Private High School
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Teacher: Mustafa Kubbawala
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Braden McCracken
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Aliyah Khan
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Zayeem Sultan
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SATEC @ W.A. Porter C.I.
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Teacher: Stephanie Ly
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Quinn Piette
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O’Neill CVI
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Teacher: Michelle Terry-Bentson
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Adhiraj Verma
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O’Neill CVI
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Teacher: Michelle Terry-Bentson
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Regan Kennedy
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Ethan Beno
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Town Centre Private High School
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Teacher: Mustafa Kubbawala
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Athesayaa Vijeethass
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O’Neill CVI
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Teacher: Michelle Terry-Bentson
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Jordyn Johnson
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Grade 10 Honour Roll
Julia Piccinin
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Cardinal Carter Catholic High School
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Teacher: Stephen Peticca
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Riley Skurka
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Branksome Hall
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Teacher: Colleen Ketchum
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Harini Arulvarathan
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St. Brother Andre Catholic High School
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Teacher: Joan Osawe
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Samantha Schachter
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Branksome Hall
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Teacher: Colleen Ketchum
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Mehak Sandhu
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North Park Secondary School
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Teacher: Paola Fiocco
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Ziheng Zhang
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Crestwood Preparatory College
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Teacher: Bryan Tran
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Marc Paul Campantero
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St. Michael CSS
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Teacher: Bryson Filipetti
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Yuvraj Singh
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North Park Secondary School
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Teacher: Paola Fiocco
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Shaan Rehal
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North Park Secondary School
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Teacher: Paola Fiocco
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Gabriel Ansari
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Town Centre Private High School
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Teacher: Mustafa Kubbawala
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Alex Champion
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Cardinal Carter Catholic High School
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Teacher: Stephen Peticca
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Joel Fu
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St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
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Uday Kanwar
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North Park Secondary School
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Teacher: Paola Fiocco
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Garima Gosain
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North Park Secondary School
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Teacher: Paola Fiocco
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Anika Sharma
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Sir John A. Macdonald Secondary School
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Teacher: Janice Campbell
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Antonio Kappos
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Hillfield Strathallan College
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Teacher: Maria Athanasiou
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Landon Trinh
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WRDSB Virtual School - DLP
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Teacher: Colleen Rampelt
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Jeevan Bell
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North Park Secondary School
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Teacher: Paola Fiocco
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Eshwar Vetrichelvan
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Town Centre Private High School
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Teacher: Mustafa Kubbawala
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Grade 11 Honour Roll
Angelina Zheng
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St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
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Roy Berenshteyn
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Garth Webb Secondary School
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Teacher: Ian Chau
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Christina Li
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Milliken Mills High School
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Teacher: Sandeep Virk
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Maggie Wang
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Garth Webb Secondary School
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Teacher: Ian Chau
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Bella Justo
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Branksome Hall
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Teacher: Colleen Ketchum
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Hayden Chalmers
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Etobicoke Collegiate Institute
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Teacher: Stephanie Vink
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Michelle Wan
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St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
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Dylan Pacitto Potapczuk
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St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
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Niki Alizadeh Saghati
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St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
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Sarah He
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St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
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Kesiah Beere
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Eden High School
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Teacher: Karen Chcoski
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Jaime Lee
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Garth Webb Secondary School
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Teacher: Ian Chau
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Aarnav Chadha
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Iroquois Ridge High School
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Teacher: Lisa Vieira
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Nathan Probert
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Markham District High School
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Teacher: Christina Lovell
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Connor Frohlich
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Swift Current Comprehensive High School
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Teacher: Cindy Lowe
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Sydney Hogg
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Swift Current Comprehensive High School
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Teacher: Cindy Lowe
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Jack Lam
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Applewood Heights Secondary School
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Teacher: Sameera Khan
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Hamim Mazumder
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Etobicoke Collegiate Institute
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Teacher: Stephanie Vink
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Gabriel Pogrin
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Crestwood Preparatory College
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Teacher: Bryan Tran
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Jeff Liu
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Milliken Mills High School
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Teacher: Sandeep Virk
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Grade 12 Honour Roll
Martial Kosir
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SATEC @ W.A. Porter C.I.
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Teacher: Stephanie Ly
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Mayushan Mayurathan
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SATEC @ W.A. Porter C.I.
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Teacher: Stephanie Ly
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Adam Stevenson
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Garth Webb Secondary School
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Teacher: Ian Chau
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Bilal Ali
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Garth Webb Secondary School
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Teacher: Ian Chau
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Albert Li
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St. Theresa of Lisieux Catholic High School
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Teacher: Andrea Merenda
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The top performing schools and recipients of $500 for financial literacy resources were:
- St. Theresa of Lisieux Catholic High School (Teacher: Andrea Merenda)
- Garth Webb Secondary School (Teacher: Ian Chau)
- St. Brother Andre Catholic High School (Teacher: Joan Osawe)
Congratulations to all of our participants!