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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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Gift Card Scams: How to Spot and Avoid Them


Gift card scams are devious schemes that can catch anyone off guard. Scammers employ various tactics to trick victims into buying gift cards, which they then promptly redeem. Here’s how to recognize and prevent these scams:

  1. Pressure Tactics: Scammers often pressure victims into purchasing gift cards. They might impersonate government officials, family members, or even romantic interests. Be wary of unsolicited phone calls, texts, emails, or social media messages demanding gift card payments.

  2. Why Gift Cards?: Scammers prefer gift cards because they are anonymous, irreversible, and yield immediate results. Unlike credit card charges, gift card transactions cannot be canceled. Once the funds are gone, they’re gone for good.

  3. Common Scam Types:

    • Money Collection Scams: Fake IRS or utility company employees claim you owe them money and threaten arrest or service cutoff unless you pay with gift cards.
    • Phishing Scams: Scammers impersonate legitimate entities (like Apple or Steam) and ask for gift card numbers.
    • Physical Store Scams: Scammers may target victims inside brick-and-mortar stores.
    • Digital Markets: Big companies’ gift cards (Amazon, Target, eBay) and digital platforms (Steam, Google Play) are vulnerable.
    • Vanilla Gift Cards: Scammers love VISA vanilla gift cards because they’re valid everywhere.

  4. Stay Safe:

    • Spot Check: Verify the source of unsolicited emails or messages before responding.
    • Don’t Send: Legitimate entities won’t demand immediate payment via gift cards.

Remember, vigilance is key. Protect yourself by staying informed and avoiding suspicious requests for gift card payments. If you suspect a scam, report it promptly.


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