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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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Trump's 25% Tariffs on Canada and Mexico Set to Take Effect Saturday

The White House has announced that President Donald Trump will implement 25% tariffs on imports from Canada and Mexico starting this Saturday. This move is part of Trump's ongoing efforts to address trade deficits and concerns over the flow of illegal fentanyl into the United States.

The tariffs are expected to impact a wide range of goods, including produce, alcohol, and auto parts, potentially leading to higher prices for American consumers. The decision has already caused a dip in the Canadian dollar and raised concerns about the potential for a trade war.

Prime Minister Justin Trudeau has stated that Canada is prepared to respond forcefully if the tariffs are imposed, emphasizing that while this is not the desired outcome, Canada will take necessary actions to protect its interests.

The economic implications of these tariffs are significant, with experts predicting a potential recession in Canada if the tariffs remain in place for an extended period. The situation remains fluid, with further details expected to emerge as the implementation date approaches.


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