Canadian Money Brief | October 19, 2026 CFB Wainwright Fire: What We Know and How to Help Without Getting Scammed Four Canadian soldiers are dead and 39 people were hurt after a grass fire overtook a live-fire training exercise in Alberta. When tragedy hits, Canadians want to help. Scammers know it. What happened On Saturday, October 17, a fire ignited in a training area at Canadian Forces Base Wainwright, about 200 km southeast of Edmonton. Officials say it began as a grass fire during training that included grenades and live ammunition. Military leaders said the fire was known to range control for hours and was believed to be contained enough for training to continue. Then the wind turned. Reporting from Al Jazeera and ABC News describes gusts jumping from about 50 km/h to as high as 96 km/h, pushing the flames toward soldiers and their administrative area. Defence officials said 84 members of the Princess Patricia's Canadian Light Infantry were in the training area. Four servi...
Financial wellness is not just about how much you earn or how much you have in your bank account. It’s also about how you use your money, how you plan for the future, and how you cope with unexpected expenses.
According to Humphrey Yang, a former financial advisor and popular YouTuber, there are seven signs that indicate you’re financially healthy, even if you don’t feel like it. Here they are:
- You don’t care about impressing others with your money. You don’t buy expensive things to show off your wealth or status. Instead, you focus on building wealth for yourself and achieving freedom and peace of mind.
- You have an emergency fund. You have at least $2,000 saved for unexpected bills or emergencies, and ideally, you have three to six months of expenses in a high-yield savings account. This way, you can avoid going into debt or dipping into your long-term investments when something goes wrong.
- You pay off your credit card balance every month. You use credit cards responsibly and pay off your balance in full every month. This means you don’t pay any interest or fees, and you improve your credit score. You also avoid spending more than you can afford and falling into a debt trap.
- You have a budget and track your spending. You have a clear idea of how much money you make and how much money you spend. You have a budget that aligns with your goals and values, and you track your spending regularly. You know where your money is going and how to optimize it.
- You save and invest for the future. You have a retirement plan and contribute to it regularly. You also have other savings and investment goals, such as buying a house, starting a business, or traveling the world. You have a diversified portfolio that suits your risk tolerance and time horizon.
- You have insurance and estate planning. You protect yourself and your loved ones from financial risks and uncertainties. You have adequate insurance coverage for your health, life, property, and liability. You also have a will, a power of attorney, and a living trust to ensure your wishes are respected and your assets are distributed accordingly.
- You have a positive and realistic attitude towards money. You don’t let money define your happiness or success. You don’t compare yourself to others or chase after money for its own sake. You also don’t stress over money or feel guilty about spending it. You have a healthy and balanced relationship with money that allows you to enjoy it and use it wisely.
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