August 2026
After hitting three consecutive months of negative GDP May and June slightly recovered with a small positive growth.
Canada's GDP beats expectations as rebound gathers steam
Canadian dollar showing continued growth with increase commodity prices.
Canadian dollar steadies near two-month high as inflation accelerates | Reuters
Resilient Canadian economy during tariff and trade turbulence.
Economic and fiscal overview | Spring Economic Update 2026
Record bankruptcies.
Canadian consumer insolvencies hit highest level since 2009 | Wealth Professional
CMHC predicts a slowly improving real estate market over the next two years.
https://www.cmhc-schl.gc.ca/observer/2026/summer-update-2026-housing-market-outlook
Financial Awareness Day
Financial Awareness Day is observed annually on August 14 to promote financial literacy and encourage individuals to take control of their financial well-being. In 2026, it fell on a Thursday, providing an opportunity for individuals and organizations to engage in activities that promote financial literacy and well-being. This day serves as a prompt for individuals and organizations to pause, reflect, and take charge of their financial health.
Noteworthy Facts About Financial Awareness
Financial literacy is essential for making informed decisions about money, yet many people struggle with understanding basic financial concepts.
Developing good financial habits, such as budgeting and saving, can lead to greater financial stability and independence.
Financial education can help individuals avoid debt, plan for retirement, and achieve their financial goals.
Organizations and educational institutions often host events and provide resources to promote financial literacy on Financial Awareness Day.
Drake Financial Ltd. offers free consultations encouraging and assisting people in financial literacy. These consultations cover many topics like, retirement planning, navigating government pension requirements, RIF planning, budgeting, home purchases, etc.