I used the Canadian Securities Exam Fast-Track Study Guide (http://amzn.to/16afrVO). As my only study guide, and I would highly recommend it to anybody who is looking for a guide and/or practice questions. There's over 400 questions that you can go through and get detailed answers to, which I think really helps solidify some of the points and concepts in the course.
The first exam is made up of questions in the following format, and you need 60% to pass:
Before you get started, you have two options to choose from when it comes to calculators. The CSI is very strict about which calculators you can bring into the exam, so you'll want to get either the Texas Instruments BAII Plus (http://amzn.to/1aJ9ape) which is my preference, or the HP 10BII (http://amzn.to/1dndbAE). They may seem a bit expensive, but you will be able to use them for all CSI exams, as well as the CFA and CFP exams. I think it's a very worthwhile investment.
Focus on Chapters 6-10
As a general rule for this test, most chapters have about 7 questions on the exam. Chapters 6-10 have over 11 questions per chapter, so it would be advisable to focus your efforts there. These chapters cover fixed income securities, equity securities, and derivatives and are often the most challenging for people.
The only quantitative part of these chapters you should spend any time on is bond pricing. There will be several questions on the exam about bond pricing and it would be a shame to lose easy marks for simple calculations. You must also know how to read stock and bond quotes.
As with most parts of this test, you really need to understand how the instruments work because you won't be able to memorize everything in the book and, if you can, you won't be very good at applying it anyways. Make sense of what you are reading and it will be fine.
Know the Regulatory Bodies
As uninteresting as it may be, you will be tested on several of the regulatory bodies. Be sure to know what the acronyms stand for what and exactly why they exist. For example, know that OSFI is The Office of the Superintendent of Financial Institutions and that they are responsible for providing a regulatory body to all federally regulated financial institutions in Canada.
Futures and options can cause some stress for people, so make sure you have a good grasp on them. Not only will futures and options help you pass this exam, but they will help with plenty of other exams for CSI and will certainly help in your career and for pretentious party talk.
All in all, Volume I for the Canadian Securities Course isn't very difficult. I studied in three weeks while working full time, but plan on studying more for Volume II. If you just bear in mind that the vast majority of questions are qualitative and if you understand how the instruments work, you won't have any trouble passing this exam. Good luck!
Update: I got 81% on Volume I.