Ten Canadian students will be starting off the school year in September a little more confident about their finances as winners of the 2014 Bridgehouse Scholarship Program (BSP).
Each winner, announced by Toronto-based Bridgehouse Asset Managers on Friday, received a $2,000 tuition scholarship. This year, almost 5,000 Canadians between the ages of 16 and 22 years of age participated in the program.
“Since the BSP began in 2012, we are seeing more and more young Canadians ready, willing and able to take those important early first steps to earn, save and invest,” said Carol Lynde, president, Bridgehouse Asset Managers, in a statement. “It is imperative the next generation takes responsibility for its financial future and we’re starting to see this happen.”
Participants completed a short quiz to discover their financial personalities – spender, saver, risk-taker or risk-avoider – and submitted a 400-500 word essay discussing what they learned about their financial selves in taking the quiz.
The 10 winning submissions, selected by a panel of investment advisors who are passionate about promoting financial knowledge to young Canadians, showed off an eclectic mix of money personalities, but all had one thing in common—growing investor knowledge.
This year’s winners are:
- Paige, 21, British Columbia;
- Steven, 20, Ontario;
- Kari, 20, Manitoba;
- Imanjit, 22, British Columbia;
- Alana, 18, Ontario;
- Alexandre, 21, Ontario;
- Tia, 21, Alberta;
- Thanisara (Sarah), 17, Alberta;
- Caroline, 20, Ontario; and
- Julianna, 22, British Columbia.
The winning essays were selected by the following panelists: Carol Lynde, Annie Desrosiers, Vachon Group, Rod Tyler, Tyler & Associates, Jean Marier, Laurentian Bank Securities, Don Macfarlane, Assante Financial Management, Jeremy Clark, Clark Hetherington Financial Limited and Natalie Sears, National Bank Financial Wealth Management.
The program, formerly known as the Brandes Scholarship Program, is meant to impart lifelong lessons in investment knowledge and to help young Canadians move into their earning and saving years.