8th Annual Local Research Challenge and Awards Ceremony

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About the event


CFA Society Toronto and CFA Society Ottawa are hosting the Annual CFA Institute Local Research Challenge. Every year dozens of university-sponsored teams enter the competition to research and prepare a written report on a designated publicly traded company to be graded by a panel of CFA Society Toronto Selected judges. Only the top four teams progress to the compeition held on Thursday, February 23, 2017, where they present their findings to a new panel of judges. This year's Subject Company is Shopify, Inc


For winning the Local level: $1,000 (CAD) cash prize to each winning team member, and an all-expenses paid trip for the students to take part in the Americas Regional Finals


  • The written reports will be assessed by a team of graders selected by CFA Society Toronto. Grading will consist of a blind process in which the identities of the universities are unknown to the graders. The teams that receive the top four scores will be selected as finalists.
  • The finalist teams will make an oral presentation of their research to a panel of well known industry experts in downtown Toronto.
  • Assessment will be based on the written reports and an oral presentation to a panel, both judged according to predetermined criteria. Student teams will be given these criteria before they begin their research.
  • A winner will be selected from the finalists based on the combined scores received for the written reports and the oral presentations. The scores will be weighted 50% for the written report and 50% for the oral presentation.



Queen’s University, Smith School of Business

Ryerson University, Ted Rogers School of Management

University of Toronto Mississauga, Institute for Management and Innovation

University of Waterloo, School of Accounting and Finance



2:15 - 2:30 PM - Student registration

2:30 - 3:15 PM - Registration

3:15 - 3:20 PM - Welcome Remarks

3:20 - 3:25 PM - Subject Company Remarks

3:25 - 5:00 PM - Competition

5:30 - 7:30 PM - Reception & Awards Ceremony



The following awards will be honoured during the reception awards ceremony.

  • Ethics Challenge: Local Final 1st Place Winners
  • Research Challenge: Local Final 1st Place Winners
  • Undergraduate Finance & Economics Scholarship Award Winners
  • CFA Society Toronto & Hillsdale Canadian Investment Research Award Winners



Students, friends and family are welcome to attend this event to show support of either the 8th Annual Local Research Challenge and Awards Ceremony. Must register in advance 


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CFA Institute Activity

Information on withdrawals, cancellations, and/or refunds can be found here.

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Reception Sponsor

Concordia Logo


Platinum Corporate Sponsor
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Gold Corporate Sponsor

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When & Where
Feb 23
23rd February 2017
02:00 PM - 07:00 PM
Toronto, ON
2017-02-23 02:00 PM 2017-02-23 07:00 PM America/New_York 8th Annual Local Research Challenge and Awards Ceremony 130 King Street West Toronto, ON, Canada M5X 1K6

TMX Broadcast Centre, TMX Gallery

TMX Broadcast Centre, TMX Gallery The Exchange Tower 130 King Street West Toronto, ON