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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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Springing Forward: Daylight Saving Time 2024 in Canada

     
  
                            

As winter’s grip loosens and the days grow longer, Canadians eagerly anticipate the annual ritual of Daylight Saving Time. This year, on Sunday, March 10, 2024, clocks across the country will leap forward by one hour at 2:00 AM, ushering in more daylight in the evenings. Here’s what you need to know about this time-honored tradition:

1. The Clocks Move Ahead

As dawn breaks on March 10, Canadians will set their clocks forward to 3:00 AM local daylight time. Sunrise and sunset will occur approximately an hour later than the previous day, allowing for extended evening activities. This shift, often referred to as “Spring Forward,” marks the beginning of brighter evenings and a sense of renewal.

2. A Controversial Tradition

While Daylight Saving Time has been a fixture in Canada since 1908, it remains a topic of debate. Some argue that the time change disrupts sleep patterns and circadian rhythms, leading to health issues. Others appreciate the longer evenings and the chance to enjoy outdoor pursuits after work. Despite the controversy, the majority of Canada continues to observe this biannual adjustment.

3. Provinces and Territories: Who Springs Forward?

Not all regions in Canada participate in Daylight Saving Time. Here’s a breakdown:

  • Alberta, Northwest Territories, Nova Scotia, Quebec, Manitoba, Ontario, New Brunswick, Newfoundland and Labrador, and Prince Edward Island will all move their clocks forward on March 10, 2024.
  • Yukon, most of Saskatchewan, some locations in Québec east of 63° westerly longitude (such as Blanc-Sablon), Southampton Island, and certain areas in British Columbia will remain on standard time throughout the year.

4. Fall Back in November

Remember that Daylight Saving Time isn’t a permanent shift. Come Sunday, November 3, 2024, we’ll “Fall Back” by turning our clocks backward one hour at 2:00 AM, gaining an extra hour of sleep. Sunrise and sunset will occur earlier, signaling the arrival of cozy winter evenings.

As we prepare to spring forward, let’s embrace the changing seasons and make the most of the additional daylight. Whether you’re adjusting your watch or resetting your digital devices, Daylight Saving Time reminds us that time is a precious gift, no matter how we measure it. 


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