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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 Inches Higher, US Steel Gets $14 Billion Buyout Offer from Nippon

 

Wall Street opened higher on Monday, with the Dow Jones Industrial Average up 0.2% and the S&P 500 up 0.1% in early trading. The Nasdaq Composite was up 0.1%. Investors are watching the Bank of Japan’s two-day meeting for hints of a change to the central bank’s longstanding near-zero interest rate policy. 

Meanwhile, US Steel has received a $14 billion buyout offer from Nippon Steel, which would make it the largest acquisition in the steel industry’s history. The deal is expected to close in the first quarter of 2024.


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