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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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Rising Temperatures and Wildfire Smoke: A Call for Disaster Recognition

 

As the mercury soars and wildfire smoke blankets the skies, a coalition of environmentalists, labor unions, and public health advocates have united with a singular demand: classify extreme heat and wildfire smoke as major disasters in the United States. This plea, directed at the Federal Emergency Management Agency (FEMA), seeks to unlock critical funding and resources to bolster community resilience against these increasingly frequent and intense climate events.

The petitioners argue that the recognition of extreme heat and smoke as major disasters is overdue. They draw parallels to FEMA’s rapid response to the Covid-19 pandemic, suggesting that similar urgency is needed to combat the lethal consequences of climate change. The statistics are alarming: an estimated 2,300 Americans succumbed to heat-related illnesses in 2023, the hottest year on record. Meanwhile, smoke from Canadian wildfires has traveled as far south as Georgia, disrupting lives and livelihoods.

The groups emphasize that extreme heat acts as a “harm multiplier,” exacerbating health risks and economic burdens, particularly for disadvantaged communities. Their petition underscores the need for proactive measures, such as air filters and rooftop solar systems, to mitigate the impacts of these climate crises before they strike. As the planet warms, the call for action grows louder, urging FEMA to step up and recognize the gravity of these environmental threats.

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