Ontario universities to compete for place in the local final held in Toronto
TORONTO, Sept. 24, 2015 /CNW/ - Canadian Tire Corporation, the trusted brand that Canadians turn to every day for retail, gas and financial needs, has been selected as the company to be researched and analyzed for CFA Society Toronto and CFA Society Ottawa in the local CFA Institute Research Challenge. Ontario university student teams taking part in the local competition will prepare equity research reports on this Canadian-listed company that will be reviewed and scored by financial industry professionals.
The CFA Institute Research Challenge celebrates its 10th year anniversary this season. It is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company, and each team writes a research report on their assigned company with a buy, sell, or hold recommendation.
Four teams will be chosen to move on to the local finals in Toronto in February, 2016. Teams that progress to local, regional and global finals must present and defend their analysis to a panel of industry professionals. Students learn from experienced industry experts and peers from the world's top business schools. In 2014-2015, more than 4,000 students from 70 countries participated in 99 local Research Challenge events. This years competitions culminate in Chicago, Illinois for the global final in April 2016.
"We are excited to participate as the subject of this year's CFA Society Toronto and CFA Society Ottawa's local Research Challenge. As one of Canada's most recognized brands, Canadian Tire Corporation is passionate about talent development and looks forward to working with students to increase their understanding of financial markets and help build their future careers. We wish them luck in the Challenge!" said Dean McCann, EVP and CFO, Canadian Tire Corporation.
"CFA Society Toronto embraces the opportunity to have local students learn from Canadian Tire Corporation, a Canadian household brand committed to a superior retail and lifestyle experience in our community," said Sue Lemon, CEO, CFA Society Toronto.
For more information visit CFA Institute Research Challenge
About CFA Society Toronto
CFA Society Toronto supports the professional and business development of more than 8,500 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.
About Canadian Tire Corporation
Canadian Tire Corporation, Limited, (TSX:CTC.A) (TSX:CTC) or "CTC," is a family of businesses that includes a retail segment, a financial services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal categories. PartSource and Gas+ are key parts of the Canadian Tire network. The retail segment also includes Mark's, a leading source for casual and industrial wear, and FGL Sports (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport, Pro Hockey Life and Atmosphere), which offers the best active wear brands. The nearly 1,700 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across the Company. For more information, visit Corp.CanadianTire.ca.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has more than 136,000 members in 151 countries and territories, including 129,100 CFA charterholders, and 145 member societies. For more information, visit https://www.cfainstitute.org.
Chartered Financial Analyst® and CFA® are registered trademarks owned by CFA Institute.
SOURCE CFA Society Toronto