(TORONTO, ON) February 13, 2025 – CFA Society Toronto and CFA Society Ottawa are pleased to announce the student team from the University of Waterloo, School
of Accounting & Finance as the 2025 winners of the annual CFA Institute Research Challenge local round, following the in-person competition held during the CFA Society Toronto Embrace the Challenge event on February 12, 2025.
“Thank you to CFA Society Toronto,” said Jai Betala on behalf of the team during the award presentation ceremony. “It has been great – the whole process has taught us a lot about the company, it was a unique challenge, and we loved
every single moment of it. Thank you.”
As local round winners, the University of Waterloo team will now advance to the sub-regional stage of the CFA Institute Research Challenge, with hopes of progressing to the regional and ultimately the global finals.
This year, 12 Ontario university student teams participated in the Toronto-Ottawa local competition of the CFA Institute Annual Research Challenge. Student teams from George Brown College, School of Accounting & Finance, University of Guelph, Lang School of Business & Economics, University of Waterloo, School of Accounting & Finance, and York University, Schulich School of Business competed as finalists in the local final.
The CFA Institute Research Challenge 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, creating comprehensive
equity research reports and presentations that include a buy, sell, or hold recommendation. This year’s local round subject company was BRP Inc. (TSX: DOO), a global leader
in the world of powersports products, propulsion systems, and boats, built on over 80 years of ingenuity and intensive consumer focus.
There are six stages of the CFA Institute Research Challenge: preliminary, local, sub-regional, regional semifinals, regional finals, and global levels. At each stage, teams present and defend their analysis to panels of industry professionals, gaining
invaluable experience from seasoned CFA charterholder experts.
2025 CFA Institute Research Challenge Local Round Winners:
University of Waterloo, School of Accounting & Finance
Team Members:
Faculty Advisor:
Industry Mentor:
“Congratulations to all the participants on their hard work, especially our local winners who showcased exceptional analytical and presentation skills,” says Stephanie Poon, CFA, MBA, Chair of the CFA Society Toronto Awards & University
Relations Committee. “The CFA Institute Research Challenge equips students gives these students the invaluable opportunity to apply real-world analysis and valuation techniques that will serve them well as they build their careers.”
“CFA Society Toronto is committed to fostering the next generation of investment professionals and we congratulate all participants in this year’s competition,” says Fred Pinto, CFA, ICD.D, CEO of CFA Society Toronto. “On behalf
of the Society, we also thank all our member volunteers, whose participation and contributions helped to make this year’s competition a success.”
The Embrace the Challenge event was proudly sponsored by RBC Global Asset Management.
For more information, please visit CFA Institute Research Challenge.
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About CFA Society Toronto
CFA Society Toronto is the world's largest Society of CFA® Charterholders, dedicated to supporting the professional and business development of more than 11,500 members. With a focus on education, networking,
and thought leadership, CFA Society Toronto empowers finance professionals to excel in a dynamic and competitive global market. Founded in 1936, CFA Society Toronto is a not-for-profit organization affiliated with CFA Institute,
the global body that administers the Chartered Financial Analyst (CFA) curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. For more information, visit cfatoronto.ca.
About CFA Society Ottawa
CFA Society Ottawa is a not-for-profit organization that supports the professional and business development of over 400 CFA Charterholders in the Ottawa region. Consisting of portfolio managers, security analysts, investment advisors, and other financial
professionals, we promote ethical and professional standards within the investment industry, encourage professional development through the CFA Program and continuing education, facilitate the exchange of information and opinions among people within
the local investment community and beyond, and work to further the public's understanding of the CFA designation and investment industry. For more information, please visit www.cfaottawa.ca.
About BRP
BRP Inc. is a global leader in the world of powersports products, propulsion systems, and boats, built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo
and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft, BRP unlocks exhilarating
adventures and provides access to experiences across different playgrounds. Committed to growing responsibly, BRP is developing electric models for its existing product lines. Headquartered in Quebec, Canada, BRP has annual sales of CA$10.4 billion
from over 130 countries and a global workforce of close to 20,000 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization champions ethical behavior in investment markets and is a respected source of knowledge in the global
financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 190,000 CFA Charterholders worldwide in 165 markets. CFA Institute has nine
offices worldwide and 160 local member societies. For more information, visit www.cfainstitute.orgor follow us on Twitter @CFAInstitute and on Facebook.
Chartered Financial Analyst® and CFA® are registered trademarks owned by CFA Institute.
MEDIA CONTACT:
PUNCH Canada Inc.
Akanksha Patil
Account Manager
p:647-838-9248
e:akanksha@punchcanada.com