The Financial Consumer Agency of Canada and the British Columbia Securities Commission have launched a contest to promote a web-based learning program that helps educators teach basic financial skills.

The City is a free online interactive resource that teachers can use to educate young people on financial matters that will be useful to them throughout their lives. For example, it can help students learn about the difference between their wants and needs, budgeting, managing money, keeping expenses in line, building savings, using credit wisely and the basics of insurance and investments. Students can also learn how to avoid getting into debt and becoming a victim of fraud.

As part of a new contest to promote the program, teachers who register can enter a draw to win a SMART Board, and participating students can win one of three laptop computers. To be eligible, students and teachers in any Canadian province or territory must register and participate in The City before November 30, 2010.

IE