CFA Societies Canada


 Canadian Ethics Challenge

The Ethics Challenge embodies the mission of CFA Institute by promoting "the highest standards of ethics, education, and professional excellence." In addition, it focuses on many of the elements of CFA Institute's Future of Finance initiative: Transparency and Fairness, Regulation and Enforcement and Safeguarding the System. Equally as important, it helps prepare those entering the investment profession for the ethical challenges that they will face in the workplace.

CFA Society Toronto held the first Ethics Challenge on January 9, 2014. Three teams, each from a CFA Institute Program Partner University in Toronto participated. The Ethics Challenge is designed to increase students' awareness of the ethical dilemmas they may face as investment management professionals. Teams consisting of students from finance or business programs (usually from a CFA Institute Program Partner or Recognized university) are given an ethics case to study and evaluate. Each team then presents its analysis and recommendations, to a panel of judges, selected by the host CFA Society.  Following a question and answer period with each team, the judges then select a winner. Their decision is based on the quality of the team's understanding of the ethical issues involved, their recommendations, and the quality of their analysis, presentation, and responses to the judges questions.

The 2017 Canadian Ethics Challenge will expand to be a national initiative; with local Ethics Challenges occurring across Canada.


How It Works

Canadian Societies will host the local level of competition (locations to be confirmed).

A faculty advisor acts as the link between the local Society and the student team. The faculty advisor assembles the team and guides them throughout the process.

Teams will present their analysis and recommendations to a judging panel of CFA charterholders. The competition is 100% presentation based; which includes: a 10 minute presentation and then 10 additional minutes to respond to questions from the judges. 

The winning team of the local level will advance to the Canadian Ethics Challenge held in Toronto in June 2017.

2017 Canadian Ethics Challenge - Official Rules 

2016-2017 Timeline

September 30, 2016            Competing universities must confirm participation in Ethics Challenge with the local host (local CFA Society)
October 17, 2016Names of team members must be submitted to the local host
October - December 2016The local host will distribute the Ethics Challenge rules to participants.  The host will distribute an identical ethics case to all competing universities (three months prior to local challenge). Teams work on ethics case and presentation.
January – March 2017Local Ethics Challenges are held throughout Canada

June 1, 2017

Register here

Canadian Ethics Challenge is held - finalists from throughout Canada compete


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14 June 2017 Press Releases: 

Canadian University Students Champion Ethics in Financial Markets

Les étudiants universitaires canadiens champions de l’éthique dans les marchés financiers

25 April 2017 Press Releases:

Future Leaders in Finance to Compete in Canada's First Nationwide Ethics Competition

Les futurs chefs de file en finance participeront au premier concours national sur l'éthique

 2015-2016 Career Guide