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How Canadian Savers Can Protect Their Money in 2026

As 2026 unfolds, Canadian savers are navigating a financial landscape shaped by falling interest rates, persistent living‑cost pressures, and evolving tax‑advantaged opportunities. Experts say this is the year to be intentional, strategic, and proactive with your money. Reevaluate Your Savings Accounts Interest rates have been trending downward, and many high‑interest savings accounts have quietly reduced their payouts. GIC rates remain more stable, but they too are expected to soften as rate cuts continue. What to do now: Check the current rate on every savings account you hold Compare alternatives and switch if your rate has dropped significantly Consider laddering GICs to lock in competitive yields while they’re still available Make the Most of Your TFSA The Tax‑Free Savings Account remains one of the most powerful tools for Canadians. With annual contribution room increasing over time, it’s an ideal place to shelter both short‑term savings and long‑term investments. Why...
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Canada’s Labour Market Sees Positive Growth: 37,300 New Jobs Added

 

In a welcome development for the Canadian economy, the labour market added 37,300 jobs in January. This surge in employment comes as a breath of fresh air, especially considering the challenges posed by the pandemic and economic fluctuations.

Key Highlights:

  1. Unemployment Rate Declines: The unemployment rate dipped to 5.7 per cent, marking the first decline since December 2022. This positive trend signals a potential recovery and renewed confidence in the job market.

  2. Part-Time Work on the Rise: The increase in jobs was primarily driven by a surge in part-time employment, which saw a gain of 48,900 positions. However, the number of full-time jobs experienced a slight decline of 11,600 during the same period.

  3. Economic Resilience: Despite global uncertainties, Canada’s economy continues to demonstrate resilience. The labour force’s adaptability and employers’ willingness to hire contribute to this encouraging trend.

As we move forward, it’s essential to monitor these developments closely. While the current data paints an optimistic picture, sustained efforts are necessary to ensure stable and inclusive growth.



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