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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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Hamas Rejects Cease-Fire Proposal Amid Escalating Tensions

In a recent development, Hamas has firmly rejected the latest cease-fire proposal, accusing Israel of ignoring its core demands. These demands include an end to the ongoing war and a full withdrawal from Gaza. The statement came shortly after the United Nations Security Council approved a resolution calling for an immediate cease-fire and the release of all hostages held in Gaza.

The vote at the UN provoked a clash between Israel and the United States. Surprisingly, the US decided not to use its veto power, leading to further tensions. In response, Israeli Prime Minister Benjamin Netanyahu canceled a high-level delegation’s planned visit to Washington.

An independent expert working with the U.N.’s top human rights body has also raised concerns. The expert stated that there are “reasonable grounds” to believe that Israel is carrying out genocide in Gaza. Meanwhile, international aid officials report that the entire population of the Gaza Strip—2.3 million people—is suffering from food insecurity, with famine looming in the hard-hit north. The conflict has resulted in over 32,000 deaths and more than 74,000 wounded, with women and children making up two-thirds of the casualties. Additionally, Hamas is still believed to be holding around 100 Israelis hostage, along with the remains of 30 others.

As the situation remains tense, the U.N.'s demand for a cease-fire in Gaza has provoked the strongest clash between the U.S. and Israel since the war began. Israeli and U.S. defense chiefs are set to meet, and global support for Israel’s offensive is waning. All this unfolds against the backdrop of Jerusalem’s festive holiday of Purim, which is now overshadowed by the ongoing conflict.

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