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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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Global IT Outage Sends Dow Futures Tumbling

                                             

The stock market faced turbulence today as Dow futures slipped following a massive global IT outage. This unprecedented disruption affected various sectors, including travel, finance, and healthcare, causing significant operational challenges worldwide.

The Dow Jones Industrial Average futures fell by 0.2%, reflecting investor concerns over the outage’s impact. The S&P 500 futures saw a slight increase of 0.1%, while the tech-heavy Nasdaq 100 futures edged up by 0.2%.

The outage, linked to a botched update from cybersecurity firm CrowdStrike, led to widespread disruptions. Flights were grounded, banks experienced service interruptions, and media companies faced broadcasting issues. Although CrowdStrike has implemented a fix, the fallout continues to affect global markets.

Investors are now closely monitoring the situation, hoping for stability as the fix takes effect. The market’s reaction underscores the vulnerability of global systems to IT disruptions and the far-reaching consequences of such events.


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