Grandparents can make lasting impact for disabled grandchildren by contributing to RDSP

Imagine a gift this holiday season that could one day be worth hundreds of thousands of dollars. And it would all start with the impetus to contribute to a little-known registered savings plan.

Canadians seeking ways to save on groceries as food costs remain top concern: survey

A survey of Canadians' perceptions around food affordability and purchasing behaviours suggests that consumers have changed how they shop, cook and eat in response to rising prices.

The latest edition of the Canadian Food Sentiment Index, released by Dalhousie University's Agri-Food Analytics Lab in partnership with online data platform Caddle, said food remains the dominant household financial concern for Canadians.

More than four-in-five survey respondents indicated it's their top expense pressure. While that was down from 84.1 per cent of respondents a year ago, it still far outpaces other day-to-day expense concerns, such as utilities, household items and supplies, housing, transportation and entertainment.

Half of the nearly 3,000 respondents to the survey conducted last month said food costs increased "significantly" over the past year, while just over one-third indicated their food expenses were up "slightly" and close to 12 per cent said they stayed the same.

Twelve takeaways from the City of Winnipeg budget

Winnipeg’s preliminary 2026 budget includes plenty of road construction projects, expanded late-night bus service, extra firefighters and paramedics, and new safety measures for the downtown Millennium Library. Here are 12 highlights.

Many Canadians preparing to cut back on holiday spending: survey

The rising cost of living is expected to put a chill on holiday spending this year.

A new survey by insolvency firm Harris & Partners released Tuesday shows most respondents are preparing for a more modest Christmas.

Almost 72 per cent of the 1,820 Canadians surveyed by the company in November said they will cut back on Christmas spending this year and 85 per cent expect to set a strict budget for the holiday.

"For a large number of people, there is simply less financial flexibility available," CEO Josh Harris said in a news release. "Christmas remains an important time for connection and celebration, but this year it will look different for many households."

St. Boniface residents drained after demolition of Happyland pool

As demolition continues at one outdoor pool in St. Boniface, a city councillor hopes to take a second look at extending the life of another one.

Early childhood educators give high marks to job satisfaction: poll

Despite eight in 10 early childhood educators reporting high levels of job satisfaction, many employers in the sector continue to struggle with staffing shortages.

The Manitoba Child Care Association has released the results of an online survey of its members that took place between Feb. 4 and 18.

Probe Research Inc. led the project — a decade after the Winnipeg-based polling firm conducted an initial workforce survey for the association.

This time around, 830 people, including front-line early childhood educators, centre directors and family child-care providers, submitted responses.

‘As we grow, our roots only grow deeper’: Red River Mutual insurance company celebrates 150 years

If Red River Mutual was an ice cream flavour, it would be rhubarb.

Scratch that. Red River Mutual has an ice cream flavour — and it is rhubarb.

Earlier this year, the mutual insurance company — which is headquartered in Altona and has a regional office in Winnipeg — partnered with Chaeban Ice Cream to create a special, limited edition flavour. Red River Mutual Rhubarb includes fresh pieces of the titular vegetable along with crisp clusters made using rolled oats, flour, brown sugar, butter and almonds.

The collaboration is part of Red River Mutual’s ongoing 150th anniversary celebrations, and the rhubarb is a nod to the company’s roots in southern Manitoba’s Pembina Valley.

Most US adults think individual choices keep people in poverty, a new AP-NORC/Harris poll finds

WASHINGTON (AP) — Most U.S. adults think personal choices are a major driver of poverty and homelessness, according to a new poll, while fewer blame a lack of government support.

However, just over half also think the government spends too little on those in need, the new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research shows.

The poll comes as homelessness is on the rise and as officials across the country, including Republican President Donald Trump in the nation's capital, push to clear encampments where unhoused people live. At the same time, the GOP tax and spending cut bill signed into law by Trump in July is expected to reduce benefits for low-income people.

“It seems like people are a little conflicted,” said Bruce Meyer, a professor at the University of Chicago Harris School who helped craft and analyze the poll. “I think people probably realize, in part at least, the complexity of what leads people to get in trouble in terms of their economic circumstances. And I think a lot of people are generous at heart and will help people out and think the government should as well, even when individuals aren’t blameless.”

400+ brands in 5+ years: Winnipeg-based digital marketing firm Mad Social Agency continues to evolve

Maddie Thompson was on a beach when she decided to drop out of school.

It was February 2022 and she was studying architecture at the University of Manitoba. While maintaining her spot on the dean’s honour list, Thompson was also running Mad Social Agency Ltd., the digital marketing firm she’d started two years earlier. She had enough business by that point she was hiring friends to help manage accounts.

Sitting on Locarno Beach in Vancouver, she realized it made sense to drop out and pursue the business full-time.

“My thought process was: I’m going to take a one-year leave of absence and see if I can make this work,” says Thompson, 23. “And I just never went back.”

Onslaught of sports betting ads make gambling seem enticing to youth, doctors say

TORONTO - Doctors are calling for restrictions on sports betting ads, saying they are setting youth up for a future of problem gambling.

An editorial published in the Canadian Medical Association Journal on Monday says the ads are everywhere during sports broadcasts and that the legalization of online gambling has made every smartphone a potential betting platform.

Editor Dr. Shannon Charlebois says even though betting sites say they're only for people 19 years of age and older, youth are being inundated with advertising that equates enjoying sports with betting.

She says child and teen brains are still developing and the constant exposure to gambling messages normalizes harmful behaviour that they can carry into adulthood

Unemployment rate climbed to 7.1 per cent in August as economy lost 66,000 jobs

OTTAWA - The Canadian economy lost jobs for the second month in a row and the unemployment rate climbed to its highest level since May 2016, excluding the pandemic period, Statistics Canada reported on Friday.

The weaker-than-expected reading of the labour market prompted financial markets to increase the odds the Bank of Canada will cut its key interest rate target later this month.

The unemployment rate ticked up to 7.1 per cent in August as the economy lost 66,000 jobs for the month. The monthly jobs report comes after the July labour force survey that showed a loss of 41,000 jobs and an unemployment rate of 6.9 per cent.

A poll of economists heading into the release had expected August to show a gain of 10,000 jobs and the unemployment rate to rise to seven per cent for the month, according to LSEG Data & Analytics.

Coming price cuts at McDonald’s may signal a broader fast food price war

McDonald’s is cutting prices on some combo meals to woo back customers who’ve been turned off by the rising costs of grabbing a fast food meal.

The price drop may induce its rivals, who have run into some of the same pricing issues, to follow.

Starting Sept. 8, McDonald’s will offer Extra Value Meals, which combine select entrées like a Big Mac, an Egg McMuffin or a McCrispy sandwich with medium fries or hash browns and a drink. Prices will vary by location, but McDonald’s said Extra Value Meals will cost 15% less than ordering each of those items separately.

To kick off the promotion, McDonald’s will offer an $8 Big Mac meal or a $5 Sausage McMuffin meal for a limited time in most of the country. Customers in California, Alaska, Hawaii and Guam will have to pay $1 more for those meals.

Winnipeggers’ pride bruised by crime, broken infrastructure: poll

Life in the big city on the Prairies isn’t all it’s cracked up to be, suggests a new poll that shows Winnipeggers are much less positive about their community than other Manitobans are about theirs.

The poll shows 76 per cent of Winnipeggers agree the city is a great place to live, but a contradictory finding is that they believe conditions in Manitoba’s capital are as bad as they have ever been. Those sentiments are highlighted in a Probe Research poll that found Winnipeggers are “proud, yet profoundly frustrated” about crime and aging infrastructure and their faith in public officials has dwindled.

“We definitely see that there is a palpable sense of frustration with some things, especially for younger folks,” Probe partner Curtis Brown said Tuesday

“This says that there’s work to do. The public expects work to be done to fix some of these big, ongoing challenges that Winnipeg — and all communities, frankly — have been grappling with for years.”

AI-powered personal finance is here: for better and for worse

Financial advice at your fingertips is by no means a new innovation.

Yet with the rise of artificial intelligence, getting insights about your money has been taken to new heights of potential benefit — and dangers.

“There is a lot of upside to using AI, especially for budgeting, and it’s often good as a first draft for anything you want to do,” says Monisha Sharma, Toronto-based chief revenue officer at Fig Financial, which provides consolidation, home improvement and unsecured loans.

Fig has some insight on AI’s benefits. The fintech company leverages AI technology to make loans quickly to Canadians, but its use case is contained to Fig’s own specific data to ensure a low error rate.

Animal Services asks for help building sensory garden

The City of Winnipeg is counting on dog lovers to make life easier for furry companions who end up in its shelter.

Jennifer Medlicott, the communications co-ordinator at the Animal Services Agency, said there’s a desperate need to create a sensory garden in the facility’s outdoor play yards. The agency, at 1057 Logan Ave., generally houses more than two dozen dogs at a time.

“We’re just looking for opportunities to make the lives of the animals in our care better and I just think we just saw an opportunity,” said Medlicott on Friday. “We dream of a future where we have a large-scale transformation, but we were also trying to look at some short-term solutions and that’s where the sensory garden came up.”

A sensory garden is an area designed to stimulate one or more of the five senses: sight, smell, sound, taste and touch. It incorporates trees, flowers, and any other elements in nature to help reduce stress.

Oreo maker Mondelez sues Aldi, alleging grocery chain copies its packaging to confuse customers

Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi's store-brand cookies and crackers “blatantly copies” Mondelez products like Chips Ahoy, Wheat Thins and Oreos.

In a federal lawsuit filed Tuesday in Illinois, Chicago-based Mondelez said Aldi’s packaging was “likely to deceive and confuse customers” and threatened to irreparably harm Mondelez and its brands. The company is seeking monetary damages and a court order that would stop Aldi from selling products that infringe on its trademarks.

Aldi didn't respond to messages seeking comment. The U.S. branch of Aldi, which is based in Batavia, Illinois, was named in the lawsuit.

In the lawsuit, Mondelez displayed side-by-side photos of multiple products. Aldi’s Thin Wheat crackers, for example, come in a gold box very similar to Mondelez's Wheat Thins. Aldi’s chocolate sandwich cookies and Oreos both have blue packaging. The supermarket's Golden Round crackers and Mondelez’s Ritz crackers are packaged in red boxes.

Rent-free months and gift cards: How Toronto-area landlords are vying for tenants

TORONTO - Toronto landlords are trying to lure in tenants with rent-free months, complimentary Wi-Fi and $500 gift cards amid an unprecedented supply of condos and lower rents.

Real-estate market experts say the fierce competition – which extends beyond the Greater Toronto Area – is giving renters more negotiating power, echoing trends last seen during the COVID-19 pandemic.

Two months of free rent, free parking and gift cards for food delivery or public transit are among thousands of dollars' worth of perks and discounts advertised on Toronto rental listing websites and apps.

While such incentives are ubiquitous in Toronto, landlords in other GTA cities and the Greater Hamilton Area are also locked in a tight contest that benefits renters.

The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins

NEW YORK (AP) — The impending “death” of the U.S. penny has spotlighted the coin's own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

Months after President Donald Trump called on his administration to cease penny production, the U.S. Mint announced this week that it had made its final order of penny blanks — and plans to stop making new 1 cent coins after those run out.

Coin production costs vary thanks to different raw metals used, complexity of their designs, labor needed and more. Many of those expenses have been on the rise — and the penny isn't the only coin entering our wallets today that costs more to make than it's worth (enter the nickel debate).

Here's a rundown of U.S. Mint production costs from the government's latest fiscal year.

Homeowners spend on renovations and repairs despite the uncertain economy and higher prices

LOS ANGELES (AP) — U.S. homeowners are spending more on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy.

Sales at building materials and garden supply retailers rose 0.8% last month from March, the biggest gain since 2022, and were up 3.2% from April last year. At the same time, U.S. retail sales overall rose 0.1%, a sharp slowdown from March.

The trend comes even as prices for home improvement products have been rising.

The cost of home repairs and remodeling climbed by nearly 4% in the first quarter from a year earlier, according to Verisk’s Remodel Index. The strategic data analytics firm tracks costs for more than 10,000 home repair items, from appliances to windows.

Investors behaving badly

Finance professor Chi Liao’s background in mathematics often comes in handy in her line of work.

After all, both corporate and investment finance are built upon numbers. Yet financial reporting — balance sheets and cash-flow analysis — is not her area of interest.

In fact, her expertise has less to do with the numerical side of money and more to do with how our emotions affect how we manage our hard-earned cash.

“I’ve always been fascinated by people-watching and why it is we do what we do,” says Liao, who studied mathematics and finance before completing a PhD in behavioural finance from the University of Toronto in 2014.