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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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Mideast Enters Dangerous New Phase With Iran’s Attack on Israel

 

In a significant escalation of tensions, Iran launched an unprecedented attack on Israel, firing over 300 drones and missiles. The attack, which took place on a Saturday evening, was largely thwarted by Israel and its allies, including the US, UK, and France, with most of the projectiles intercepted before reaching Israeli airspace¹. Fortunately, there were no fatalities reported, although a 10-year-old girl in Israel was badly injured by falling shrapnel, and an army base sustained light damage.

US President Joe Biden condemned the assault in the strongest terms, emphasizing that it was the first attack from Iranian soil against Israel. Israeli officials warned that this incident marked "a severe and dangerous escalation" from Tehran. However, neither the US nor Israel indicated immediate plans for retaliation against Iran. The attack came after Iran's embassy compound in Syria was hit by missiles on April 1, resulting in the deaths of seven Iranian officers. Iran stated that it would refrain from further assaults unless Israel responded strongly.

Despite the tension, stock markets in Israel, Saudi Arabia, and other Middle Eastern countries experienced only slight declines. Iran deliberately limited the scale of its retaliation, aiming for maximum symbolism but minimum damage. The situation remains precarious, and global leaders are coordinating a united diplomatic response. Oil prices surged following the Syria strike, with Brent climbing above $90 a barrel, and analysts speculating it could reach $100 if direct conflict between Iran and Israel escalates. The Israeli shekel weakened, and Israeli stocks initially rose but later reversed gains. Saudi Arabia expressed deep concern over the military escalation developments in the region.

As the Middle East enters this perilous new phase, the world watches closely, aware that the situation could have far-reaching consequences for regional stability and international relations.



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