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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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Global Markets Surge on Fed Rate Cut Signals


Markets around the world are experiencing a significant upswing as the Federal Reserve signals potential rate cuts in the coming year. This optimistic outlook has sparked a rally across both stock and bond markets, with Asia joining the upward trend.

Key Highlights:

  • Stock Market Rally: A global stock index has risen for six consecutive sessions, with notable gains in Australian and South Korean shares. The S&P 500 reached its highest point in nearly two years, and Apple Inc’s shares hit a new high.
  • Federal Reserve’s Dovish Stance: The Fed maintained current rates but hinted at a 75 basis point reduction in 2024 through its “dot plot,” a more aggressive cut than previously suggested.
  • Bond Market Gains: Following the Fed’s announcement, US Treasuries saw a rise, with 10-year yields dropping below 4% for the first time since August. Swap contracts indicate expectations of 140 basis points of easing within the next year.
  • Inflation Trends: Recent reports show a slowdown in producer-price increases and a decrease in the annual inflation rate, aligning with the Fed’s target.

This broad “risk-on” rally is anticipated to continue, with experts like Kellie Wood from Schroders Plc predicting robust market performance. The dovish signs from the Fed have indeed delivered an early Christmas gift to investors, setting a positive tone for market activities.

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