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Start Saving Now for September: Your RESP Checklist Before the School Year Hits

  Canadian Money Brief · Family Finance September feels a long way off on July 1. That's exactly why now is the right time to look at your child's RESP — not in late August when the school supply list arrives and the grant math gets rushed. If you have a Registered Education Savings Plan (or you've been meaning to open one), here's what to check right now, and why the calendar year — not the school year — is what actually matters. Why July, Not August The Canada Education Savings Grant (CESG) — the government's 20% match on RESP contributions — runs on the calendar year , not the school year. Grant room for 2026 resets on a January-to-December basis, and it doesn't carry any special "back to school" deadline. But summer is genuinely the best time to check your numbers, for three reasons: You still have six full months left in the year to top up if you're behind. Contributions made now have more time to grow before your child needs the money. You av...
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Wall Street Wraps Up Turbulent Week with Mixed Closing Amid Economic Uncertainty


1.  Mixed Performance and Ongoing Volatility Define Wall Street's Trading Day

In today's trading session, the Wall Street experienced a mixed and somewhat volatile performance, culminating in a closure that marked the end of yet another challenging week for investors. The major stock indices showcased a lack of clear direction, reflecting the ongoing uncertainty in the market. While some sectors managed to post modest gains, others faced persistent selling pressure, resulting in a divergent closing pattern.


2. Persistent Concerns: Economic Recovery, Inflation, and Geopolitical Tensions

Investor sentiment remained influenced by a combination of factors, including concerns about the global economic recovery, inflationary pressures, and geopolitical tensions. Market participants closely monitored economic data releases, particularly those related to job growth, consumer spending, and manufacturing activity, as these indicators provided insights into the health of the overall economy. Additionally, ongoing discussions about monetary policy and the potential for interest rate adjustments further contributed to the cautious mood on Wall Street.


3. Earnings Reports, Supply Chain Disruptions, and Regulatory Challenges Impact Market

As the trading week drew to a close, it became evident that the market continued to grapple with a level of unpredictability, making it challenging for investors to ascertain a clear trajectory. While some companies managed to impress with positive earnings reports, others faced setbacks due to supply chain disruptions and regulatory challenges. Overall, the mixed performance of Wall Street today underscores the delicate balance between optimistic and pessimistic forces at play in the current market landscape.









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