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October 24, 2026

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The Free Press Math Education Subject Financial Literacy

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Please review each article prior to use: grade-level applicability and curricular alignment might not be obvious from the headline alone.

MPI must evolve to ‘best-in-class’

Kyle Ross 4 minute read 2:02 AM CDT

As a Manitoban, you pay the lowest auto insurance rates in Canada in 2026. (That’s the analysis shared in the Saskatchewan Auto Fund’s 2026 Rate Proposal, in case having your good fortune envied by your neighbours sweetens the news.)

You deal directly with one insurance company — your own — after your vehicle gets hit, rather than chasing the other driver’s company. When it comes to fair and transparent customer service, your insurer has a higher bar to jump than in many other provinces. A private insurance company could just hike your rates; before making rate changes, Manitoba Public Insurance must go through an open and transparent public hearing at the Public Utilities Board, a neutral third party.

It’s worth remembering these points as MPI is slammed in opinion columns, social media posts and water-cooler talk. We have rates and an ease of navigating claims that other Canadians envy. We have a crown corporation that is a crown jewel — or could be.

But the criticism is warranted.

How the city fills its coffers

Jesse Hajer and Tom Simms 4 minute read 2:00 AM CDT

Winnipeg has a serious revenue problem. There is no single solution, and the city operates with fewer revenue tools than provincial or federal governments. But how city hall raises money is a growing concern, alongside the fact that the city faces a structural deficit.

Municipalities have an uphill battle given the technicalities of how property taxes are calculated. Unlike income and sales taxes collected by the province, property tax revenues do not automatically grow with inflation in the economy. To keep up with rising costs and maintain public services at status quo levels, the city needs to increase tax rates each year.

For years, Winnipeg failed to raise property tax rates in line with inflation and population growth, while relying more heavily on frontage levies, user fees and utility revenues. The long property-tax freeze from 1998 through 2011 weakened the city’s revenue base and contributed to underinvestment in services and infrastructure. The 2026 alternative municipal budget by the Manitoba chapter of the Canadian Centre for Policy Alternatives estimates that, after inflation and population growth, city revenue per person in 2025 remained 1.9 per cent below its 2001 level.

This city has partially compensated over the last 15 years by increasing water-and-sewer rates, frontage levies, recreation fees and fines. This increasing reliance on utilities, levies, fees and fines has important equity considerations. One particularly problematic practice is transferring money from the water and sewer utilities into the city’s general revenues.

A camera on a Toronto TV production set on Friday, Feb. 13, 2026. THE CANADIAN PRESS/Sammy Kogan
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Most Canadian actors earn less than $20K per year from screen work, survey finds

Nicole Thompson, The Canadian Press 5 minute read Preview
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Most Canadian actors earn less than $20K per year from screen work, survey finds

Nicole Thompson, The Canadian Press 5 minute read Updated: 7:21 AM CDT

TORONTO - Most Canadian actors can't pay the bills through onscreen work alone, according to a survey from the Canada Media Fund that found seven in 10 respondents earned less than $20,000 a year from their work on film and TV.

The poll of nearly a thousand screen performers also found only six per cent of respondents earned more than $75,000 per year, and just 13 per cent earned all their income from performing.

Two-thirds of respondents made less than half their money through acting, the Canada Media Fund said. The survey was conducted at the end of 2025 by Abacus Data, and asked performers to reflect on their earnings the year prior.

"People have to find other jobs, and really make ends meet in different ways ... to make their careers sustainable," said Diego Briceño, senior manager of data equity at the Canada Media Fund, who presented the report on Tuesday at the Reelworld Summit in downtown Toronto.

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Updated: 7:21 AM CDT
RUTH BONNEVILLE / FREE PRESS FILES
                                The city’s Executive policy committee also wants to expand a program that clears needles, weapons, drugs and other dangerous debris from city parks.

Addressing homelessness and toxic drug use

Kate Kehler and Molly McCracken 4 minute read Preview

Addressing homelessness and toxic drug use

Kate Kehler and Molly McCracken 4 minute read Tuesday, Oct. 20, 2026

Winnipeg is facing a housing and toxic drug crisis that is not going away. Every day, we see the consequences — people living without safe homes, encampments in neighbourhoods and public spaces, increasingly toxic drugs, overdoses and emergency services stretched to their limits.

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Tuesday, Oct. 20, 2026
Long-distance donations keep shelves stocked

Salvation Army calls on Winnipeggers to donate merchandise as sales soar

Kelly-Anne Riess 3 minute read Preview

Salvation Army calls on Winnipeggers to donate merchandise as sales soar

Kelly-Anne Riess 3 minute read Monday, Oct. 19, 2026

The Salvation Army is taking donated merchandise from other regions to stock its Winnipeg thrift stores as increasing sales outpace local donations.

Retail activity at the charity’s eight Winnipeg locations grew more than 10 per cent year over year during several months, from January through April, and again in June.

Although local donations remain strong, they haven’t kept pace with demand, prompting the organization to supplement inventory with merchandise from elsewhere.

Ted Troughton, managing director of the Salvation Army’s thrift store operations, said rising living costs are bringing in new customers.

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Monday, Oct. 19, 2026
Governor of the Bank of Canada Tiff Macklem speaks during the unveiling of the new Canadian $20 note featuring the portrait of King Charles III, in Ottawa, on Thursday, Sept. 3, 2026. THE CANADIAN PRESS/Justin Tang

Bank of Canada’s Macklem warns global resilience ‘under strain’

Craig Lord, The Canadian Press 3 minute read Preview

Bank of Canada’s Macklem warns global resilience ‘under strain’

Craig Lord, The Canadian Press 3 minute read Tuesday, Oct. 20, 2026

Bank of Canada governor Tiff Macklem is warning that persistently high global energy prices will drive up the outlook for inflation at home.

While Macklem said global resilience is being tested after a series of shocks, he also expressed some confidence in Canada's ability to weather the storm.

The head of the Bank of Canada spoke to reporters on Saturday in a press conference from the sidelines of the International Monetary Fund meetings in Bangkok.

He said the prevailing message from his peers at the summit is that the global economy has been performing better than expected in the face of ongoing wars in Iran and Ukraine, sweeping trade disruptions and higher borrowing costs from rising bond yields.

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Tuesday, Oct. 20, 2026
Comedy Network 
                                South Park has done its part to bring the term ‘nut’ — as in discussed in the context of what someone’s spend rate is based on their lifestyle — into the public conversation.

Increasingly cited financial term, ‘nut,’ is worth knowing, says best-selling author

Joel Schlesinger 5 minute read Preview

Increasingly cited financial term, ‘nut,’ is worth knowing, says best-selling author

Joel Schlesinger 5 minute read Saturday, Oct. 17, 2026

It’s nuts. That might be some folks’ reaction if they knew their “nut” in the financial sense of the word.

If that stirs visions of squirrels fighting over acorns, you are not far off.

Nut is increasingly used in popular culture, especially in the United States as the struggle increases for millions of consumers with each passing day.

A couple of high-profile TV examples are South Park and Your Friends & Neighbors, where the nut is discussed in the context of what someone’s spend rate is based on their lifestyle.

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Saturday, Oct. 17, 2026
Marc LaBossiere photos / Free Press
                                New quartz countertops and water-blue backsplash tiling breathe new life into the old cupboards.
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A kitchen is transformed with beautiful tiles and new countertops

Marc LaBossiere 4 minute read Preview
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A kitchen is transformed with beautiful tiles and new countertops

Marc LaBossiere 4 minute read Saturday, Oct. 17, 2026

Remote job sites are a challenge. Not only is distance a consideration when venturing out to gather information for a price quote, but the commute has to be factored into the project’s overall costs. As a result, many of my repeat remote clients indulge my idea to propose several projects at once, in an effort to maximize my time while putting all those kilometres on my work truck.

Although the jaunt from Winnipeg to Gimli is not that demanding, from where I live the travel time is close to two hours each way, making for long work days. So, the homeowners knew to throw everything at me once I had scheduled an initial visit. On the agenda was a main bathroom facelift as well as the addition of a frosted glass door to the office, which just had a doorless entryway from the hallway.

Nearing the end of our chat, the homeowner mentioned almost in passing how she’d love to also have a backsplash in the kitchen. Previously, the wall area above the back edge of the arborite countertops to the bottom of the upper cabinets had always been painted.

After assessing the kitchen, I would have felt remiss in not mentioning that the backsplash might not yield the desired result if they were intent on keeping the arborite counters. It wasn’t an attempt at an upsell — I truly felt that tiling the backsplash above the back edge of the old countertops was not the way to go. After a bit more discussion, I suggested that if they truly wanted a facelift, the cost-effective approach would be to retain the existing cabinetry, while upgrading the countertops to quartz, along with a new undermount sink and faucet. A newly tiled backsplash after those upgrades would be the icing on the cake. The homeowners quickly jumped on board and requested a quote for the kitchen facelift, along with the bathroom reno and the new glass door for the office.

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Saturday, Oct. 17, 2026
The Bank of Canada is seen in Ottawa, on Wednesday, Sept. 2, 2026. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada set for pair of important data drops ahead of ‘live’ rate decision

Craig Lord, The Canadian Press 4 minute read Preview

Bank of Canada set for pair of important data drops ahead of ‘live’ rate decision

Craig Lord, The Canadian Press 4 minute read Tuesday, Oct. 20, 2026

OTTAWA - The Bank of Canada will get a raft of fresh data to start next week as it weighs what could be a pivotal interest rate decision at the end of the month.

Statistics Canada is set to release its September inflation data on Monday, giving the central bank a look at how energy price pressures are influencing other parts of the consumer basket.

A Reuters poll of economists expects the annual rate of inflation rose to 3.2 per cent in September, up from three per cent in August, according to LSEG Data & Analytics.

RBC assistant chief economist Nathan Janzen said he expects inflation held steady at three per cent last month. Persistently high gasoline prices tied to the ongoing war in Iran will remain the biggest fuel for inflation, he said.

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Tuesday, Oct. 20, 2026
MIKE DEAL / FREE PRESS FILES
                                Finance Minister Adrien Sala

NDP expects crypto, data centre electricity levy to shave about $50 annually off residential Hydro bills

Chris Kitching 5 minute read Preview

NDP expects crypto, data centre electricity levy to shave about $50 annually off residential Hydro bills

Chris Kitching 5 minute read Friday, Oct. 16, 2026

Revenue from the province’s new electricity levy on cryptocurrency businesses and large AI data centres will go toward offsetting residential bills, rather than the coffers of cash-strapped Manitoba Hydro.

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Friday, Oct. 16, 2026
A real estate sign is pictured in Vancouver on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward

To get a suitable home, buyers figure out what they’ll accept as a trade-off: Re/Max

Daniel Johnson, The Canadian Press 3 minute read Preview

To get a suitable home, buyers figure out what they’ll accept as a trade-off: Re/Max

Daniel Johnson, The Canadian Press 3 minute read Sunday, Oct. 11, 2026

TORONTO - Canadians are willing to make compromises to afford a home that better meets their needs, a new survey from Re/Max finds.

The survey, released Wednesday, said 65 per cent of respondents would compromise in at least one way to afford a larger or more suitable place to live. Such compromises might include living further away from city centres or choosing an older home that may need renovations.

“Rather than giving up on home ownership, Canadians are making different choices about how to get there. For some, that means looking outside their current community or reconsidering the type of home they buy," Don Kottick, president of Re/Max Canada, said in a news release.

"For others, it means making different financial choices. Buyers are identifying what matters most and where they have room to be flexible.”

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Sunday, Oct. 11, 2026
A person uses the calculator app on their phone and works on a spreadsheet in a photo illustration made in Toronto, on Monday, Sept. 22, 2025. THE CANADIAN PRESS/Sammy Kogan

Older Canadians less confident in their retirement finances: BlackRock survey

Daniel Johnson, The Canadian Press 3 minute read Preview

Older Canadians less confident in their retirement finances: BlackRock survey

Daniel Johnson, The Canadian Press 3 minute read Wednesday, Oct. 7, 2026

A new survey from BlackRock finds that Canadians who are closer to retirement age appear to be less confident about their plans compared with younger people.

“Canadians have made meaningful progress building retirement savings, but saving is only part of the equation,” said Nick Nefouse, global head of retirement solutions at BlackRock, in a news release Tuesday.

"As people move through different stages of life, they face different retirement challenges, from balancing competing priorities early in their careers to making decisions about income, spending and risk later on."

The survey finds that 70 per cent of generation Z respondents indicated they are on track for their retirement, compared with only 51 per cent of gen X respondents, "showing signs that confidence is shifting as retirement gets closer."

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Wednesday, Oct. 7, 2026
The Peace tower is seen on Parliament Hill in Ottawa, Monday, Sept. 21, 2026.  Parliament resumes today following the summer recess. THE CANADIAN PRESS/Adrian Wyld

Business leaders want capital gains deferral to keep money in Canadian firms

Tara Deschamps, The Canadian Press 3 minute read Preview

Business leaders want capital gains deferral to keep money in Canadian firms

Tara Deschamps, The Canadian Press 3 minute read Wednesday, Oct. 7, 2026

TORONTO - Canadian business leaders are calling on the federal government to reform tax policies in hopes of bolstering investments in domestic firms.

More than 150 investors and executives signed a letter sent to Finance Minister François-Philippe Champagne on Tuesday, asking him to consider two policies they claim will bolster entrepreneurship in Canada.

The first encourages the country to adopt a program akin to the U.S. qualified small business stock incentive, which allows capital gains from qualified small business stocks to be excluded from federal tax.

The second proposes allowing more entrepreneurs and investors to defer paying some capital gains taxes when proceeds from some domestic business transactions are reinvested in another homegrown venture.

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Wednesday, Oct. 7, 2026
SUPPLIED Ruby Barkley sold 119 cups of lemonade at her stand and donated the proceeds to West Broadway Youth Outreach.

Lemonade stand brings in hundreds for West Broadway Youth Outreach

AV Kitching 9 minute read Preview

Lemonade stand brings in hundreds for West Broadway Youth Outreach

AV Kitching 9 minute read Monday, Oct. 5, 2026

Like most 12-year-olds, there’s nothing Ruby Barkley enjoys more than a tall glass of lemonade. So when she decided to set up a lemonade stand, Ruby’s Sips + Sweets, in her neighbourhood last month, her mom was only too happy to say yes.

Especially since Ruby had decided she was going to donate proceeds of the sales to West Broadway Youth Outreach (WBYO), a non-profit organization providing recreational and life-skills programming for children aged four and up.

Ruby had set up lemonade stands in the past and was accustomed to serving up glasses from a pitchers of drink she’d already pre-made, but this time round she chose to do something different.

“We got a muddler press and I hand-pressed the lemons and then added flavours. It’s a whole process. It’s hand squeezed right before your eyes and anybody can watch it. I loved doing it,” she says.

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Monday, Oct. 5, 2026
WAYNE GLOWACKI / FREE PRESS FILES
                                Winnipeg City Hall August 26 2016

The election of our discontent: City at a crumbling crossroads, grumbling residents say in poll

Matthew Frank 7 minute read Preview

The election of our discontent: City at a crumbling crossroads, grumbling residents say in poll

Matthew Frank 7 minute read Monday, Oct. 5, 2026

There’s an undercurrent of unhappiness running through the Winnipeg electorate as the municipal election day approaches.

One-half of Winnipeggers believe the city is heading in the wrong direction, according to a new Abacus Data poll, with nearly one-third unsure if Winnipeg is regressing or progressing.

Only 21 per cent of residents believe the city is on the right track, the Free Press-commissioned poll found.

That discontentment extends to how the city spends its tax dollars, with four in 10 Winnipeggers believing they receive poor value for what they pay in property taxes.

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Monday, Oct. 5, 2026

Fewer pitchforks, better policy

Bryn Oliver 4 minute read Saturday, Oct. 3, 2026

Tenants facing rent increases of 50, 75 or even 100 per cent in several Winnipeg apartment buildings should be taken seriously.

Increases such as these can be devastating for seniors on fixed income or families already stretched by the cost of living.

I’m familiar with the buildings in last Saturday’s article (Tenants slam Alta.-based landlord, protest rent increases, Sept. 26). Before the buildings sold, the same group had owned them for decades. Many rents were around $500 a month, maintenance had been put off for years, and some of the buildings were nearly unlivable.

Unfortunately, this isn’t unusual in Manitoba. Existing housing policy has led to the oldest rental stocks in the country, with tens of thousands of units at or past 50 years old. Keeping them livable will take hundreds of millions of dollars. This is a bad time to make reinvesting in apartments even less attractive and put thousands of construction jobs at risk.

Sonia Strobel, CEO and co-founder of Vancouver-based community supported fishery Skipper Otto, smiles in Vancouver, on Wednesday, Sept. 23, 2026. THE CANADIAN PRESS/Rich Lam
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Trade tensions spur fresh wave of interest in community-supported farms, fisheries

Brett Bundale, The Canadian Press 4 minute read Preview
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Trade tensions spur fresh wave of interest in community-supported farms, fisheries

Brett Bundale, The Canadian Press 4 minute read Thursday, Oct. 1, 2026

It started with one fisher who wanted to be paid a fair price for his catch.

Now Skipper Otto — Canada’s largest community-supported fishery — is connecting roughly 70 independent fish harvesters directly to Canadian consumers, a number that has grown as trade tensions with the United States send demand for local food soaring.

"We have our commitments before we even untie from the docks," said Skipper Otto chief executive Sonia Strobel, whose father-in-law Otto Strobel was the inspiration for the seafood business she co-founded with her husband, Shaun.

"Our members can pick and choose whatever seafood they want throughout the year from their pre-paid credit," she said in an interview from Vancouver. "It's a model that supports local small-scale fisheries and we're seeing more and more interest as Canadians think hard about food security and supporting local."

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Thursday, Oct. 1, 2026
Perfecting profitability

Perfecting profitability

Joel Schlesinger 5 minute read Preview

Perfecting profitability

Joel Schlesinger 5 minute read Saturday, Sep. 26, 2026

More jaded of investors may roll their eyes at another book offering up a formula for the “perfect portfolio.”

Veteran portfolio manager Peter Lazaroff, based in St. Louis, and host of the Long Term Investor podcast understands the scepticism around his recently published book The Perfect Portfolio: a Proven Guide to Smart Investing for Long-Term Success.

Yet the chief investment officer at Plancorp Wealth Management, which has about US$10.2 billion in assets under management, has a caveat to the notion of the perfect portfolio.

“The perfect portfolio on paper is probably a lot different than the perfect portfolio for you in real life because what’s ‘perfect’ is a formula you can stick with for decades on end.”

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Saturday, Sep. 26, 2026
MIKE DEAL / FREE PRESS FILES
                                Ire-elected as mayor, Scott Gillingham is promising to turn the Seine River into a permanent recreation and nature attraction

Gillingham outlines big plan for Seine River in a second term as mayor

Joyanne Pursaga 4 minute read Preview

Gillingham outlines big plan for Seine River in a second term as mayor

Joyanne Pursaga 4 minute read Friday, Sep. 25, 2026

Scott Gillingham promises to turn the Seine River into a permanent recreation and nature attraction, if re-elected as mayor.

At a riverside campaign announcement Friday, Gillingham said a long-term plan would be to create Rivière-Seine Historic Municipal Riverway encompassing the entire Winnipeg section of the Seine, building on past volunteer efforts to clean up the river and make it a paddle-friendly attraction.

The Seine, which winds through St. Boniface and St. Vital, originates in the Sandilands Provincial Forest, passes through southeastern Manitoba, crosses the Red River Floodway and joins the Red River in St. Boniface just north of The Forks.

“What we want to do, really, is to establish the permanence of this river and allow its beauty and the opportunity to enjoy it, to be something that we don’t just leave to volunteers alone, but come together and focus on establishing it as, really, a place that gets focused attention and investment,” said Gillingham.

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Friday, Sep. 25, 2026
Ruth Bonneville / Free Press
                                A server at Brazen Hall serves a table Friday afternoon in their dining room prior to the dinner rush. A new Restaurants Canada report found 80 per cent of Canadians are eating out less frequently because of higher living costs, up from 75 per cent in 2025.
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Restaurants ‘under pressure’

Gabrielle Piché 4 minute read Preview
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Restaurants ‘under pressure’

Gabrielle Piché 4 minute read Friday, Sep. 25, 2026

Happy hour outings are on Jackie Piggott’s calendar — but even those are fewer.

She and her husband might visit a restaurant once a month. It’s a change over the past year: earlier, they might go twice, thrice or weekly.

“It’s something that we’ve talked about, my husband and myself, just because the pricing is so expensive,” Piggott said, stopping during a grocery run in St. Vital. “It’s also better for our health.”

She’s in the majority: a new Restaurants Canada report found 80 per cent of Canadians are eating out less frequently because of higher living costs, up from 75 per cent in 2025.

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Friday, Sep. 25, 2026
MIKAELA MACKENZIE / FREE PRESS FILES
                                A new report by Harvest Manitoba reveals more than 60,000 Manitobans now rely on food banks each month.
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More than 60,000 Manitobans rely on food bank each month, Harvest Manitoba report says

Scott Billeck 3 minute read Preview
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More than 60,000 Manitobans rely on food bank each month, Harvest Manitoba report says

Scott Billeck 3 minute read Thursday, Sep. 24, 2026

Linda Smith first turned to Harvest Manitoba in the early 1990s when her husband became permanently disabled. Now, on a fixed income, she continues to access the food bank to make ends meet.

Smith is one of more than 60,000 Manitobans now relying on food banks each month as demand continues to grow, a new report by Harvest Manitoba reveals.

The organization said in its 2025-26 impact report, released Thursday, that 61,188 people accessed a food bank in the province in March. Nearly half of them were children. The number of people accessing food banks in the province since 2020 has ballooned by more than 150 per cent, including more seniors, like Smith, than ever before.

Smith, a mother of five now in her 70s, first went to Harvest Manitoba in 1991 when he husband was disabled, and then again in the mid 2000s following a major car accident that led to a brain stem injury that forced her out of the workforce.

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Thursday, Sep. 24, 2026
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Students and rising tuition

Jonathan Szo and Joy Chikezie 4 minute read Wednesday, Sep. 23, 2026

Students in Manitoba are facing additional costs at a time when many are already struggling with the rising cost of living, despite repeated promises from the provincial government to make life more affordable.

Magnific
                                No matter the insurance product, coverage will become more costly the longer you wait to apply. ‘When you’re young and healthy is the best time to get insurance,’ says Fernando Heleno, senior director of creditor products at RBC.
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Life, disability coverage confusingly diverse ecosystem for most Canadians

Joel Schlesinger 5 minute read Preview
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Life, disability coverage confusingly diverse ecosystem for most Canadians

Joel Schlesinger 5 minute read Saturday, Sep. 19, 2026

Life insurance is like going to the dentist, without the physical discomfort.

It raises uncomfortable thoughts; it’s costly, and yet most people are much better off with it than without.

Certainly, life insurance (and disability and even critical illness) is a “lifesaver” for families when the unthinkable happens, says Jason Evans, fee-for-service certified financial planner at Evans Retirement Planning.

The Winnipeg adviser (who does not sell insurance) speaks from experience. His father died when Evans was young and life insurance kept the family solvent.

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Saturday, Sep. 19, 2026
An Ikea store is seen in Montreal on Thursday, Sept. 17, 2026. THE CANADIAN PRESS/Christinne Muschi

Dollar breakfasts, used Billy bookcases: Ikea’s latest affordability pitch

Brett Bundale, The Canadian Press 4 minute read Preview

Dollar breakfasts, used Billy bookcases: Ikea’s latest affordability pitch

Brett Bundale, The Canadian Press 4 minute read Tuesday, Sep. 22, 2026

From second-hand Billy bookcases to cheaper meals, Ikea is leaning into its low-cost roots as cash-strapped Canadians look for more affordable ways to furnish their homes and feed their families.

The Swedish retailer says it's doubling down on affordability by expanding its used-furniture business, keeping restaurant prices low and wringing savings from sustainable product design and supply chain efficiencies.

Two of Ikea’s top executives sat down with The Canadian Press to discuss how the retailer is trying to deliver more value as Canadians grapple with high costs for housing, food and other expenses.

Ikea Canada chief executive and chief sustainability officer Selwyn Crittendon said the retailer’s sell-back program, which gives customers store credit for gently used Ikea furniture that is then resold, is growing quickly.

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Tuesday, Sep. 22, 2026
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