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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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Vancouver Festival Tragedy: Suspect's Troubled Past Comes to Light

In the aftermath of the devastating attack at Vancouver's Lapu-Lapu Day festival, which claimed 11 lives and left dozens injured, new details have emerged about the suspect's background. The accused, a 30-year-old Vancouver resident, has been charged with multiple counts of second-degree murder. Authorities have confirmed that the suspect had a significant history of interactions with police and mental health professionals prior to the incident.

The attack, described as the "darkest day in Vancouver's history" by Interim Police Chief Steve Rai, involved an SUV plowing through a crowded street during the Filipino community festival. Witnesses recounted scenes of chaos and horror as victims were struck by the speeding vehicle. Police have ruled out terrorism as a motive but continue to investigate the circumstances leading up to the tragedy.

The suspect's residence, which had seen recent visits from law enforcement, is now a focal point of the investigation. Vancouver Mayor Ken Sim emphasized the need for systemic changes to address mental health issues, which he identified as a contributing factor in this case.

The Filipino community, along with the broader Vancouver population, is mourning the loss of lives while rallying together in solidarity. Support centers have been established to assist those affected by the tragedy. 

This incident has sparked renewed calls for improved mental health resources and preventive measures to avert such senseless acts of violence in the future.

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