Online Education

Stimulate reflection and improve students’ knowledge thanks to CIRANO financial and economic education tools

On the occasion of the new school year, CIRANO offers teachers from secondary schools, CEGEP and community colleges throughout Canada stimulating financial education activities that have involved hundreds of thousands of students over the years.

FinÉcoLab educational games: for fun learning financial and economic concepts!

Teachers can use the FinÉcoLab set of educational games to introduce their students to economic concepts related to markets and prices, individual preferences, and collective and individual options. He plays EndEcoLab transforms the classroom into an experimental laboratory based on the involvement of students in a situation reflecting the interactions in which financial and economic decisions are applied. Learning financial and economic concepts is efficient and fun. FinÉcoLab games are available online free ( The Autorité des marchés financiers is CIRANO’s main partner for the FinÉcoLab games.

Bourstad Stock Market Investing 101 Course!

CIRANO also invites high schools, CEGEPs and community colleges worldwide Canada register for the Bourstad 2022-2023 program, which consists of a set of educational activities and stock market simulations. This educational program supports the acquisition of new knowledge in the field of responsible investment and portfolio management.

Schools registered in this program can organize private simulations for their students at any time during the school year; they will be able to enroll their students until 36e year of the Bourstad competition, which will be held from February 13 to April 14, 2023. The conditions for registering schools in the Bourstad program 2022-2023 can be found at

Bourstad simulations take place entirely online on a platform that offers state-of-the-art functionality. In the Bourstad simulation, the participant acts as an investment advisor to a fictitious investor who follows real markets. The app includes coaching features for teachers and managers of private simulations and Bourstad competitions in schools. Teachers and students participating in simulations benefit from rich and varied support. You can find more information in the presentation video of the previous competition.

“Strengthening economic and financial literacy must be a priority for Québec, especially among young people. Data about CIRANO 2022 barometer show that those who cannot assess the level of household debt risk are almost 7 times more likely to be concerned about economic and financial risks. This result, as well as other perceptions of the Barometer in relation to economic issues, indicate the need to improve the level of economic literacy of Quebecers, therefore the FinÉcoLab games and the Bourstad financial education program are ideal tools to meet this need. These initiatives are directly related to CIRANO’s mission, which is to transfer knowledge from the world of theory into practice. »

Ms. Nathalie de Marcellis-WarinPresident and CEO of CIRANO

Back to the Bourstad competition 2022 a congratulations to the winners!

Following the Bourstad 2022 stock market simulation competition, a virtual ceremony was held on May 24 under the honorary chairmanship of Mr. Éric Jacob, Superintendent of Customer Assistance and Distribution Supervision at the Autorité des marchés financiers, to honor the winners. The ceremony was also an opportunity to announce the 6 winners of the Autorités des marchés financiers special financial education awards; each of these winners was awarded a $500 scholarship. Candidates for these special awards were invited to testify about good or bad decisions made during the simulation and experiences they believe will represent lasting learning.

Prior to this awards ceremony, the jury, chaired by Me Fanie Dubuc of the Investment Industry Regulatory Organization of Canada (IIROC), discussed and approved the list of winners of 103 awards and mentions of the Bourstad 2022 competition. These recognitions are accompanied by scholarships totaling almost $32,000 .

Here are the names of the winners awarded by the jury 1ahem The main prize of the Bourstad 2022 competition, as well as the winners of the Special Financial Education Awards of the Autorité des marchés financiers.

Management wallet

  • Thomas Boyer (University of Montreal)
  • Farzin Brian Haghighat (Collège Jean-de-Brébeuf, higher education sector)
  • Éloïse Hétu (Regina Assumpta College)
  • Naomi Rioux (College Bois-de-Boulogne)
  • Nicolas Rivard Assumption College
  • Elodie Thiboutot (University of Montreal)

Responsible investment

  • Arafat Adjiali Boukar (University of Quebec in Montreal)
  • Rosalie Roberge (Montreal International High School)
  • Ariane Tremblay (College Bois-de-Boulogne)

Financial performance

  • Riyadh Argoub (University of Montreal)
  • Emmanuel Azzam (Collège Jean-de-Brébeuf, secondary sector)
  • Alixe Gauthier (Bois-de-Boulogne College)
  • Andrei Hulubas-Barnia (Chateauguay QC)
  • Elizabeth Lemay (University Laval)
  • Steve Lionel (Bois-de-Boulogne College)
  • Adam Qacha (Polytechnic School)
  • Eliott Rabasa-Lhoret (Collège Jean-de-Brébeuf, secondary sector)

Overall performance

  • Thomas Boyer (University of Montreal)
  • Jennie Chen (University of Waterloo)
  • Adam Moumen (High School of Antoine-de-Saint-Exupéry)
  • Arielle Tessier (College Bois-de-Boulogne)
  • Elodie Thiboutot (University of Montreal)
  • Ariane Tremblay (College Bois-de-Boulogne)
  • Amy Wang (Montreal International High School)

Special financial education awards from the Autorité des marchés financiers

  • Theresa Hanna (Regina Assumpta College)
  • William Larivée (College Bois-de-Boulogne)
  • Raymond Nguyen (High School Marcellin-Champagnat)
  • Noémie Rioux (College Bois-de-Boulogne)
  • Nicolas Rivard (Assumption College)
  • Anna Xiao (boarding school Saint-Nom-de-Marie)

Congratulations to all the winners of awards and mentions during the 35the year of the Bourstad competition!

If you want to know more
Visit the Bourstad website at

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