Dollarama wins as company of choice for CFA Society Toronto's Research Challenge
Thirteen Ontario universities to compete for place in Regional Final in Toronto
TORONTO, Nov. 13, 2012 /CNW/ - Canada's own unstoppable chain, Dollarama will serve as the subject company for CFA Society Toronto's Research Challenge as students from 13 Ontario universities face off in an equity research competition. Teams representing the next generation of financial professionals will prepare equity research reports on the Montreal-based retailer for scoring by financial industry experts."Dollarama's recent high performance, along with Target Corp.'s move into Canada, will make for some interesting analysis for the teams competing in CFA Society Toronto's Research Challenge. It is a pleasure to be working with Dollarama in this exciting initiative," said Peter S. Jarvis, CFA, Executive Director of CFA Society Toronto.
The CFA Institute Research Challenge offers students the unique opportunity to develop and present an equity research report and compete on a global basis. Students learn from leading industry experts and their peers from the world's top business schools. Competing universities assemble teams of three to five business and finance students who work directly with Dollarama in researching and preparing a company analysis. This year, more than 3,500 students and 650 universities in more than 55 countries will participate in local Challenge events, culminating in a global final in London in April 2013.
"We are thrilled to participate in this challenge and we look forward to working with these students as they take on an analysis of our company," stated Michael Ross, Chief Financial Officer, Dollarama. "Not only do these brilliant young men and women represent our next generation of analysts, but I have no doubt that this experience, as well as the CFA designation, will open many doors for them in future. We wish them the best of luck, and may the best team win!"
CFA Society Toronto's local winner will continue on to compete in the CFA Institute Research Challege Americas Regional Final, which will be held in Toronto in April 2013. The winner of the regional final will then progress to the global final, to be held in London in April next year.
For more information visit the CFA Institute Research Challenge website.
About CFA Society Toronto
CFA Society Toronto supports the professional and business development of more than 7,500 CFA charterholders in Toronto, making it the second largest CFA Society in the world. It provides members with a local perspective on a global designation, including: educational programs, sponsored events, job postings, quarterly newsletters, a comprehensive affinity program and networking opportunities. A not-for-profit organization, CFA Society Toronto is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. CFA Society Toronto's members are leaders in ethics in the financial community. For more information, please refer to www.cfatoronto.ca.
Dollarama is Canada's leading dollar store operator with 735 locations across the country. Its stores provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Dollarama aims to provide customers with a consistent shopping experience, offering a broad assortment of everyday consumer products, general merchandise and seasonal items. Products are sold in individual or multiple units at select fixed price points up to $3.00.
About CFA Institute
CFA Institute is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 105,000 members, who include the world's 97,000 CFA charterholders, as well as 135 affiliated professional societies in 58 countries and territories. More information may be found at www.cfainstitute.org.
SOURCE: CFA Society TorontoFor further information:
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