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Gold Crashed 30% This Year — Now It's Climbing Again. Should Your TFSA or RRSP Be In It?

  August 12, 2026 If you've only glanced at the gold headlines this week, you've probably seen some version of "gold near two-month high." That's true — spot gold touched an intraday peak of US$4,434.84 an ounce on Tuesday, its best level since June 5, before settling back to around US$4,382. But "two-month high" undersells what's actually happened to gold in 2026, and that fuller story is the part that matters if you're deciding whether to put any of it in a TFSA, RRSP, or FHSA right now. Here's the short version: gold went nearly vertical in January, hit an all-time record, crashed by close to 30% within weeks, spent the spring and early summer languishing near US$4,000, and has spent the last six weeks clawing about 10% of that back. Where it goes from here is genuinely split among the banks that cover it professionally. That's the setup worth understanding before you buy. The wildest year gold has ever had Gold entered 2026 already o...
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Make a Day Out of It: How to Save Money on Cross-Border Shopping

 

Cross-border shopping can be a fun and cost-effective way to find unique products and great deals. Here are some tips to help you save money while making the most of your trip:

  1. Plan Ahead: Before you head out, research the stores you want to visit and check for any ongoing sales or promotions. Websites and apps can help you compare prices and find the best deals.

  2. Monitor Exchange Rates: Keep an eye on the exchange rate between the Canadian dollar and the U.S. dollar. Converting your money when the rate is favorable can save you a significant amount.

  3. Use the Right Credit Card: Consider using a credit card that doesn’t charge foreign transaction fees. Some Canadian banks offer U.S.-based credit cards, which can help you avoid extra charges.

  4. Join Loyalty Programs: Many U.S. retailers offer discounts for joining their loyalty programs or mailing lists. Sign up in advance to take advantage of these savings.

  5. Shop in Tax-Free States: Some U.S. states, like Delaware and Oregon, have no sales tax. If possible, plan your shopping trips to these states to save on taxes.

  6. Fill Up on Gas: Gasoline is often cheaper in the U.S. than in Canada. Fill up your tank before heading back to save on fuel costs.

  7. Stay Overnight: If you plan to make large purchases, consider staying overnight. This can increase your duty-free allowance, allowing you to bring back more goods without paying extra duties.

  8. Check for Coupons and Discounts: Look for coupons and discount codes online before you go. Websites like RetailMeNot can be a great resource for finding additional savings.

  9. Compare Prices: Some items might be cheaper in Canada, even with the exchange rate. Compare prices online to ensure you’re getting the best deal.

  10. Have Fun: Make your shopping trip enjoyable by going with friends or family. Treat yourself to experiences or items you can’t find in Canada, and make a day out of it!

By planning ahead and taking advantage of these tips, you can save money and enjoy a successful cross-border shopping trip. Happy shopping!


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