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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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How Enbridge, Open Text and other stocks moved on Wednesday


The stock market saw some notable movements on Wednesday, as several companies reported their earnings or made strategic announcements. Here are some of the highlights:

  • Enbridge (ENB-T) rose 1.2 per cent after it forecast higher core earnings and raised its dividend for 2024. The pipeline operator expects higher demand and volumes across its network, as well as lower costs and capital spending. The company also said it had secured funding for over 75 per cent of its US$9.4-billion bid to buy three utilities from Dominion Energy.
  • Open Text (OTEX-T) increased 1 per cent after it sold off a mainframe-computer business it acquired earlier this year from Micro Focus for US$2.275-billion. The company said it would use the proceeds to improve its financial position and focus on its cloud and artificial intelligence businesses. Analysts said the divestiture would enhance Open Text’s valuation and profitability.
  • Alimentation Couche-Tard (ATD-T) slid 3.2 per cent despite reporting stronger-than-expected second-quarter results The convenience store and gas station operator saw solid fuel margins and cost control, but also faced softening in U.S. same-store sales due to lower cigarette sales and consumer spending. The company tightened its full-year profit outlook.
  • First Quantum Minerals (FM-T) sustained further declines after Panama’s president said its copper mine Cobre Panama would be shut down, following a Supreme Court ruling that declared its contract unconstitutional The company said it had suspended commercial production at the mine and was putting it into care and maintenance. The ruling puts the company on the long and unpredictable road of international arbitration.
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