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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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U.S. Stock Market Rallies as Dow Streaks and S&P 500 Surges


The U.S. stock market experienced a significant upswing today, with the Dow Jones Industrial Average extending its winning streak to seven consecutive trading sessions. The S&P 500 also made a notable climb, moving back above the 5,200 mark for the first time since early April. This positive momentum is largely attributed to signs of a cooling labor market, which has fueled investor optimism for a potential rate cut by the Federal Reserve in the coming months.

  • Dow’s Winning Streak: The Dow rose by approximately 0.9%, marking its seventh day of gains.
  • S&P 500’s Climb: The S&P 500 gained 0.5%, breaching the 5,200 level once again.
  • Labor Market’s Influence: Initial weekly jobless claims increased, suggesting a slowing job market and raising hopes for a Fed rate cut.
  • Sector Performance: Real Estate and Utilities led the sectors, while Technology and Communications Services lagged behind.

Investors are closely monitoring the labor market and other economic indicators to gauge the Federal Reserve’s next moves, which could have significant implications for the stock market’s trajectory in the near future.

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